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7 March, 03:56

If you expect the price of gold to increase in the near future, your demand for gold today will increase. A. TrueB. False

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  1. 7 March, 04:07
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    A. True

    Explanation:

    Gold is a valuable commodity acquired for various reasons. In economists, gold is as a store of value and an investment tool. Gold is traded in the financial markets like other valuable metals such as silver and copper.

    If investors anticipate the price of gold to rise in the near future, demand for gold will increase. Gold will be bought as an investment asset for speculative purposes. Traders will buy gold and the current prices and wait to sell when the prices rise. Investors take advantage of price movement to make profits.
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