Most of the traders love to put their savings in the Gold section of the commodity market. By using Comex Gold Live Tips they earn maximum profit within short span of time. It is one of the fascinating field where people can earn easy money in less time. From rich and regular traders to the part-time traders and those who want to put less amount in the market like Gold as their Base Commodity for the investment.
Reason behind choosing GOLD as a Base Commodity
We all knew that, Gold is the most precious metals among the products traded in the commodity market and therefore, having so much importance and affection in the investors. Inspite of the fact that, no physical delivery is done in this business people didn’t let themselves free from the glory of this metal. Another important reason due to which people like to buy Comex Gold is, even the minor rise in the value generate huge gain for the buyer. Also, there are more chances of gain in this purchasing rather than the losses.
Factors which affect the value of the Gold in the Market
All the factors which affects the physical Gold market also affect the share market too. Actually there are some direct and some indirect points which are responsible for the fall or rise of the values. Some of the major affecting factors are –
Data Release from US Market : Normally everyday there is a data update in the US Market. The news got posted on some of the financial websites and accessible to all. This will affect the price of the Gold Bullion for sure.
Currency variations : The fall or rise in the value of the Dollar affect the market prices and also the return generated in this section.
Oil prices : All countries are connected with each other in some or another way and thus the variation in the oil prices affect almost every market around the world. So, Gold bullion in India is also got affected by them.
Other Sections of the Market : Any variation in the equity, currency, future or options also affect the Comex market prices of different commodities. This impact may be higher or lesser to ignore but impact is there.
It is true that Comex Gold Market offers various opportunities in front of traders and many people got tremendous benefits from it but the risk factor is also high. Therefore, it is advisable to enter in it after having good knowledge of this field.