What impact does demand have on gold bar prices from fields such as electronics and jewellery?
Demand from industries such as jewellery and electronics has a significant impact on gold bar prices. Due to its special qualities, gold is valuable across a wide range of industries, creating demand that goes beyond simple investment. A reduction in supply due to increased demand from electronics and jewellery makers may raise the price of gold bars. On the other hand, if industrial demand declines, prices might rise. Therefore, it is essential to comprehend the larger demand dynamics from these sectors in order to accurately forecast and determine gold bar price.
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