gold supply

Gold supply refers to the total amount of gold available in the world, consisting of newly mined gold and the gold that exists in stockpiles, jewelry, investments, and central bank reserves. It increases mainly through mining, which is the process of extracting gold from the earth. Gold supply can also fluctuate due to recycling, where old jewelry or electronic waste is melted down for new use. The overall supply is relatively stable compared to demand, but changes in mining activity or recycling can influence gold's availability and, consequently, its market price.