Everyday, gold trades in dozens of markets around the world- New York, Chicago, Sydney, Tokyo, Hong Kong, Calcutta, Turkey, France, and so forth. Each market reacts to news as it happens, and gold is always trading, wherever the sun shines as the earth turns. The prices are 'set,' and constantly 're-set,' by the ever-changing supply and demand factors, input by thousands of investors, central banks, governments, miners, jewelers, dealers, and others who trade in gold almost daily. The gold market amounts to billions of dollars every day, and no one can 'set' the price. It changes constantly, due to hundreds of factors, ranging from the opening of a new gold mine, to the changes in interest rates of one currency or another. Of all the commodity markets, the gold market is probably the largest and most free market in the world.
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