Gold (Au or GC) is a chemical element and the atomic number (Z) 79, group 11, period 6, and atomic weight 196.967. Chemically, the Gold (Au) is a transition metal and one of the least reactive, and is solid under standard conditions that is a valuable, shiny, yellow metal used to make coins and jewellery. The Gold (GC) is a precious metal traded on the spot and futures market - Trading Symbol GC. (Refer to the Chemical Element; Periodic Table)
Related Definitions in the Project: The Element and Substance
Example Article of the Gold:
3 Catalysts That Could Push Gold Prices Even Higher (Source: Oil Price on 8 January 2024): By ZeroHedge - Gold just wrapped up its best year since 2020 with a 13 percent gain, and the yellow metal has new records in its crosshairs as we move into 2024. Gold faced significant headwinds throughout most of 2023 with dollar strength and a higher interest rate environment. But as the markets began to anticipate an end to the Federal Reserve’s inflation fight, gold rallied during the fourth quarter. Gold surged to a new record high in early December topping out at just over $2,125 an ounce. It couldn’t sustain those highs, but it has since built strong support at $2,000 an ounce, creating a foundation for gold to test new highs in the coming year. Saxo Bank's Ole Hansen told Reuters he sees three significant demand factors boosting gold as we move into the new year. Following on from a surprisingly robust performance in 2023 we see further price gains in 2024, driven by a trifecta of momentum-chasing hedge funds, central banks continuing to buy physical gold at a firm pace, and not least renewed demand from ETF investors. ...
