Gold (GOLD) perpetual market

Gold is the oldest and most established store of value, prized for thousands of years across civilizations for money, jewelry and ornament. As a commodity it is a dense, corrosion-resistant precious metal, priced per troy ounce in US dollars on global markets, with London and New York futures setting the benchmark. Gold's defining role is as a safe-haven asset: investors buy it to hedge against inflation, currency debasement and financial or geopolitical crises, and its price often rises when confidence in paper assets falls. It pays no yield, so it tends to compete with real interest rates, weakening when rates are high and strengthening when they fall. Central banks hold large gold reserves, and demand also comes from jewelry, technology and investment products including exchange-traded funds. It is the reference point against which other stores of value, including Bitcoin, are frequently compared.