What does 14K gold mean?

In finance, 14K gold refers to the purity of the gold used in jewelry or other items. The "K" stands for "karat," which is a measure of the purity of gold. 14K gold means that the item is made up of 58.3% gold, with the remaining 41.7% consisting of other metals such as copper or silver. This level of purity is considered to be a good balance between durability and value, making 14K gold a popular choice for many types of jewelry. The value of 14K gold is determined by the current market price of gold, which fluctuates based on supply and demand, economic conditions, and other factors. As a result, the value of 14K gold can change over time.