Gold's roller-coaster ride

The gold market is behaving in ways never seen before, says Martin Spring. Changes in supply and demand are making the price of gold swing wildly. So where is it likely to go from here?

The gold market is behaving in ways never seen before.

Would you believe that in recent months the supply of old gold scrap consisting mainly of jewellery sold by owners to turn their metal into cash has actually exceeded demand for jewellery manufacturers, which is by far the most important source of demand? There are even reports of Tupperware-style parties in America, not to buy gold, but to sell grandma's old jewellery to pay for a few weeks' petrol for the car or whatever.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.