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News~ Price of Gold Per Ounce

2017-06-14 04:09 [MARKETS] Source:Netword
Guide:Sign up for Spot Price Alerts Price of Gold Alerts Tell us your target price of Gold per ounce and we will send you an email or text message as soon as the market reaches your ideal Gold price. Benefits of our Gold Price Market Alerts inc

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Price of Gold Alerts

Tell us your target price of Gold per ounce and we will send you an email or text message as soon as the market reaches your ideal Gold price. Benefits of our Gold Price Market Alerts include:

To create your Gold price alert, simply create an account to receive all the benefits open to account members. You’ll gain access to our interactive Precious Metals portfolio tool, custom Gold price alerts, personalized product alerts, exclusive offers and more. Opening an account is free and takes just a minute.

Gold Price Basics What is Gold spot price?

The spot price of Gold is the base price in unfabricated form without any markup. Because Gold spot prices are taken at different times in different locations around the world, Gold ounce prices vary. Commonly quoted Gold bullion price markets, or those who influence the markets, include new York City, Chicago, Handy and Harman, Engelhard, Republic National Bank, London, Zurich, Paris, Frankfurt and Hong Kong. When buying Gold in the United States, the current price of Gold per ounce will generally be based on the current price of Gold in new York or Chicago.

What is the cost of Gold?

The actual retail cost of Gold is the spot, or market price, plus a small premium the dealer charges to cover overhead. So, if the spot price of Gold is $1300 per ounce, you can expect an ounce of Gold to cost just a bit more than that from a reputable dealer. The price of Gold will generally fluctuate from day to day because of the markets. 

Why should I care about the Gold spot price?

The Gold spot price is important because it will affect your bottom line. The better Gold spot price, the better premium price you will pay as a buyer of Gold bullion like American Gold Eagles and Gold Buffalos, as well as South African Gold Krugerrands or Austrian Philharmonic coins. If you are selling Gold, you will want the highest possible Gold spot price to make the most potential profit. It doesn't matter whether you are buying Gold bars by the kilo or Gold coins by the ounce – the base price is the Gold spot price.

Where can I see the Gold price today?

APMEX provides live Gold spot prices in real time. APMEX also provides an interactive graph for your research needs. It is as easy to see the Gold price from a month or year ago as it is to see the Gold price today. Viewing the historical Gold price can help you with your purchasing power. 

How is the current price of Gold per ounce determined?

Even in ancient times, the value of Gold was high. The Gold price today depends on many factors, including production, central bank reserves, the value of the U.S. dollar, worldwide jewelry and industrial demand, and economic downturns. The central banks in the United States, Germany, Italy and other places have an effect on the Gold price per ounce as they diversify their holdings. The price of Gold today goes up as central banks move away from paper money and buy more Gold. Live Gold prices are also, in part, typically based inversely on the value of the U.S. dollar – generally the stronger the dollar, the lower the value of Gold. Similarly, Gold value often goes up as economies falter. That is because many consider Gold a safe-haven investment, as historical Gold prices generally are more stable over time than economies and other investments. Gold prices today are also greatly affected by the demand for Gold in jewelry. Jewelry made up about 58 percent of Gold demand worldwide in 2014 – up from 54 percent in 2010. This demand for Gold is due to Gold being seen as an enduring and endearing gift for weddings, festivals and other special events, and typically results in a strong 1 oz Gold price. In addition, determining what is the current price of Gold is affected by industrial demand, like the manufacture of medical devices, such as stents, and electronics, such as GPS units. Finally, the Gold coin price and Gold bar price are affected by how much Gold is available, which was at 183,600 tonnes of Stocks above ground at the end of 2014.

What is the lowest price of Gold per ounce in the past 5 years?

When you look at the Gold prices chart, you will see the historical Gold price’s low point in the past five years occurred Dec. 2, 2015 at 12:30 p.m. (CT) when the spot price of Gold was at $1,057.10 USD per troy ounce. You can check out the price trends of Silver, Platinum and Palladium, too.

What is the highest price of Gold per ounce in the past 5 years?

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