- GC=F +0.69%
Search results
- 2,534.00Add to watchlist+17.30 (+0.69%)As of Fri. Aug 23, 2024 6:07 AM EDT · Delayed Quote (USD) · Market open
- Open2,521.10High2,537.40Low2,519.80
- Mkt CapN/AP/E (TTM)N/ADiv & YieldN/A & N/A
- Prev. Close2,516.7052 Wk. Low1,809.4052 Wk. High2,537.40
Top storiesRecord gold price sees value of bars hit $1m for the first timeYahoo Finance · 3 days ago- GC=F +0.69%
Gold touches record high amid 'firm demand' from central banks and ETFsYahoo Finance · 3 days agoGold Rebounds Before Fed Speech That May Offer Rate CluesYahoo Finance · 47 minutes ago We provide you with timely and accurate silver and gold price commentary, gold price history charts for the past 1 days, 3 days, 30 days, 60 days, 1, 2, 5, 10, 15, 20, 30 and up to 43 years. You can also find out where to buy gold coins from gold dealers at the best gold price.
- Bitcoin Price
What is Bitcoin? Bitcoin is a cryptocurrency, a form of...
- Charts
This page displays charts of the current price of gold,...
- Crypto
Crypto - Gold Price Charts & Historical Data - GoldPrice.org
- Ethereum Price
Ethereum, is a decentralized platform that allows for the...
- Bitcoin Price
- Gold Price History
- Factors That Influence Gold Prices
- How Gold Spot Prices Are Determined
- How Do Gold Futures Affect Gold Spot Prices?
- How to Trade The Gold/Silver Ratio
- Why Gold Is A Good Diversifier
- Gold and Local Currencies
- Gold and The Us Dollar
- How Are Forex Traders Finding Arbitrage Opportunities in Gold Markets Worldwide?
- Why Is Gold Used as A Store of Wealth?
Highest Gold Price Ever Achieved:
Gold's current record high was achieved on July 16th, 2024,at $2,483 per troy ounce. This follows a trend of new record setting highs for gold in recent history. A new high was reached on August 7, 2020, when it surpassed $2,074 per ounce. This remarkable milestone was primarily driven by a combination of factors, including the economic uncertainty caused by the COVID-19 pandemic, low-interest rates, a weakening U.S. dollar, and increased demand for safe-haven assets. Just a short fewyears la...
Gold Price Appreciation Over Time:
Gold has demonstrated an average annual rate of return of approximately 7.78% over the long term. This number is achieved by looking at gold’s prices from 1971 to 2022.
Using All-Time Highs for Timing:
Many investors monitor how close the current gold price is to the all-time high as a timing tool. When gold approaches or surpasses its historical peak, some investors view it as a signal to consider selling, anticipating a potential correction. Conversely, others see it as an opportune moment to buy, betting on a continuation of the upward trend. When important psychological thresholds are breached, such as a new all-time high being set, it opens the possibility for a larger, more protracted...
Several key factors play a pivotal role in determining the price of gold. These factors include: 1. Economic Conditions: The state of the global economy, inflation rates, interest rates, and overall financial stability all influence gold prices. During times of economic uncertainty or inflationary pressure, gold tends to rise in value as a safe-hav...
Spot prices for gold are determined through a globally coordinated process overseen by the London Bullion Market Association (LBMA). The LBMA sets the standards for gold trading and conducts electronic auctions, most notably the LBMA Gold Price, twice daily. During these auctions, market participants, including banks, refiners, and institutional in...
Futures play a crucial role in influencing gold spot prices. These futures markets, such as COMEX, contribute significantly to price discovery for gold, providing a reference point for the prevailing spot prices. The arbitrage opportunities that arise between gold futures and spot markets lead to the convergence of prices, as traders capitalize on ...
The gold to silver ratio represents the number of ounces of silver required to purchase one ounce of gold. This ratio offers valuable insights into the relative values of these metals. Historically, a higher ratio suggests that silver may be undervalued compared to gold, making it an opportune time to consider silver investments. Conversely, a lowe...
Gold is a perennial favorite among seasoned investors for diversifying their portfolios. Unlike many other assets, gold often moves independently of traditional financial markets, offering a safe haven in times of stock market turbulence or currency devaluation. Diversification is the cornerstone of sound investment strategy. It spreads risk by all...
Global exchanges, such as COMEX and the LBMA, can influence gold prices in local currencies. The most direct impact occurs through exchange rates, where changes in the international gold price lead to corresponding adjustments in the value of gold in local currencies. A stronger global gold price typically results in higher gold prices in local cur...
Gold is traded in the US Dollar and quoted in USD. This is partially why a correlation exists between the USD and Gold prices. When the US dollar is weak, gold prices tend to move upwards, and when the US dollar is strong, gold prices tend to decline. However, there are many factors influencing gold prices, and the correlation is not perfect. There...
FOREX traders identify arbitrage opportunities in gold markets through various strategies. They exploit price disparities between different markets and currencies, engaging in cross-currency arbitrage by buying gold in a cheaper currency and selling it where it's more expensive. Additionally, they can leverage spot-futures arbitrage by capitalizing...
Gold has traditionally been used as a store of wealth for thousands of years. A roman who buried an ounce of gold in 100 A.D. could have used that gold to buy a nice toga. Almost two thousand years later, one can use an ounce of gold to buy a nice suit, and have money left over. The analogy has been used by many gold investors over the years to ill...
- Android, Ios
Live Gold Charts and Gold Spot Price from International Gold Markets, Prices from New York, London, Hong Kong and Sydney provided by Kitco.
Gold Price: Get all information on the Price of Gold including News, Charts and Realtime Quotes.
Find live gold prices per ounce, gram and kilo, and see 24-hour trends and historical data. Learn what is gold spot price, how it is determined, and how to buy gold bullion or certificates.
- The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold. The price is driven by speculation in the...
- Gold is available for investment in the form of bullion and paper certificates. Physical gold bullion is produced by many private and government mi...
- When you see the price of gold posted somewhere, such as on a website or a dealer’s page, it will usually be quoted as the spot gold price per troy...
- The spot price of gold — or any commodity for that matter — represents the price at which the commodity may be exchanged and delivered upon now. Th...
- Gold is a commodity that is traded all over the world, and as such, it trades across many different exchanges, such as Chicago, New York, Zurich, H...
- Our up-to-the-minute spot price feed is compiled from the collective data of various reliable sources to ensure our spot prices are always as accur...
- Bid prices represent the current maximum offer to buy in the market, and Ask prices represent the current minimum offer to sell in the market. If y...
- The gold spot price is the prevailing price for an ounce of .999 fine gold that is deliverable right now. The spot price does not take into account...
- Spot gold prices are quoted as the price of 1 troy ounce of .999 percent fine gold deliverable now. This means you can usually purchase one ounce o...
Find out the current gold price per ounce, gram and kilo, and see historical gold prices dating back 10 years. Compare gold product prices and learn how to invest in gold with Monex.
FILE - Gold bars are stacked in a vault at the U.S. Mint in West Point, N.Y., on July 22, 2014. (AP Photo/Mike Groll, File) NEW YORK (AP) — A gold rush is here. The precious metal hit an all time high this week. The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for ...
People also ask
Is gold a good investment?
Where can I buy gold?
What is a gold spot price?
What currency is gold traded in?