In the financial world, investing in precious metals, especially gold, is considered a “safe haven” asset, especially investors during crises and political instabilities.
Mankind has been trading metals since they were first discovered, at first because of its alluring luster. But with time, people have found numerous uses for precious metals, making them even more valuable throughout history.
Nowadays they fulfill other important functions. For example, they are used for electronics due to its high conductivity and unique attributes- gold, for instance, has great resistance to corrosion, which ensures the circuit works efficiently and accurately. In the medical industry gold, platinum and titanium are applied for treating various ailments. Dentists used it because it is easy to mold.
With all these features it’s no wonder the interest for trading precious metals is always high among investors.
The main influence factors for the metal trading market include the value of USD, global demand, and worldwide production level. The biggest producers of gold are the United States, China, South Africa, Russia, Peru and Australia.
