Gold is one of the most popular and actively traded precious metals in the commodities market. Unlike commodities such as oil, price of gold tends to be less affected by geopolitical risks. Hence, it is also known to be a safe haven commodity for market participants amidst uncertain economic conditions.

However, like many other asset classes, gold prices are still susceptible to market supply and demand as well as investor sentiments.

Buying and selling gold is a common trading strategy used to hedge against major market movements, rising interest rates, and inflation. To gain exposure on gold price movements, you can start gold Contract for Differences (CFDs).