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$5,391,595.54 / $5,607,253
Your purchased VOGO =
What is Volamena (Volo)?
Global Demand
The demand for gold is driven by jewelry, investment, technology, and central banks. In recent years, the annual global demand for gold has averaged around 4,000 tons.
Supply
Gold supply comes primarily from mining (approximately 75%) and recycling (about 25%). Major gold-producing countries include. China, Australia, Russia, and the ]nited States
Price Stability
Gold prices are influenced by factors such as geopolitical stability, currency fluctuations, inflation rates, and interest rates. Historically, gold prices have shown long-term appreciation, providing a hedge against inflation and currency devaluation.
Overview of the Gold Market
Gold has been a highly valued commodity for thousands of years, serving as a medium of exchange, a unit of account, and a store of wealth. The global gold market includes various participants, from miners and refiners to investors and central banks. Gold is traded on major commodity exchanges such as the New York Mercantile Exchange (NYMEX), the London Bullion Market, and various electronic trading platforms.
