The Debate on Manipulation
This topic divides both investors and economists. While some claim gold prices are manipulated, the real issue lies in the gold market’s structure. This structure allows participants to interfere with the price mechanism.
Gold as a Currency
Gold continues to function as an independent currency within the Over-the-Counter (OTC) market. Banks treat gold as they would any other currency, using it in cash, account balances, and various financial instruments. However, a large portion of gold trading involves derivatives created by banks to track the gold price.
