NPM: 120820210017
Tugas PIEB Analisis Demand
From the article above about “Gold Price Rise Triggered by The Increased Demand”
shows that the gold’s price rose about US$10,1 or 0,57% became US$1.790,00 per ounce. This
case mainly caused by the covid-19 pandemic which made the demand of the gold rise. As we
know that gold is one of a superior goods which usually the demand for the superior goods will
increase as the price increases or vice versa. In this gold goods case, that statement is also count
especially by the increasement of the covid cases, the world’s economic condition will be in the
‘not good’ condition, so that there’s a lot of people will secure their money into the safer
instrument which is gold so that the gold’s demand increase as the pandemic’s case rise.