Currently, palladium trades at $967.00 per ounce, as of 9 a.m. ET, compared to gold, which trades at $2,611.72 per ounce.

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It's important to be clear on your goals and what you're seeking before investing in gold to avoid choosing the wrong type.

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When gold demand outstrips gold supply, the price of gold goes up. The chief areas of gold demand are in gold jewelry. In 2017, 46% of demand for gold was for jewelry. There is also the use of gold in ...