The gold market refers to the global trading of gold, which is a precious metal valued for its rarity and beauty. Investors buy and sell gold in various forms, including coins, bars, and jewelry. The price of gold fluctuates based on supply and demand, economic conditions, and geopolitical events. Gold is often seen as a safe-haven asset, meaning that during times of economic uncertainty, people tend to invest in gold to protect their wealth. Central banks and investors also hold gold as part of their portfolios, contributing to its importance in the global financial system.