To day gold price

This page displays charts of the current price of gold, otherwise known as the spot gold price. The spot gold price refers to the price at which gold may be bought and sold right now, as opposed to a date in the future. The spot price for gold is in a constant state of flux, and can be driven by many different factors. The spot gold price can refer to the current price of gold per What Determines the Spot Gold Price? The simplest answer is the law of supply and demand. If buyers are trying to buy gold, sellers may lift prices causing buyers to bid higher. On the other hand, if sellers are overwhelming buyers, those looking to acquire gold may bid lower, thus driving prices down in the process. Of course, spot gold prices can be affected by many inputs that influence the supply/demand equation. The actual spot price of gold is derived from the nearest month gold futures contract with the most volume. This could be the nearest month, or front month, or it could be a month or two out on the time horizon. What are Some of the Factors That Drive Spot Gold Prices? Gold is not only bought as an investment, but it is also bought for use in other areas such as industry and jewelry making. The potential influences on the spot price are extensive, but the following list names some of the major ones: • Investment demand • Jewelry demand • Currency markets • Inflation or deflation • Interest rates and/or monetary policy • Risk aversion or appetite • Geopolitics • Equity markets Gold ca...

Share: • Gold Price consolidates weekly loss ahead of Federal Reserve Interest Rate Decision. • Market players put 95% bets on Fed’s status quo even as dot-plot, Powell’s speech can surprise XAU/USD bulls. • Cautious optimism, softer US Dollar keeps the Gold Price firmer but multiple checks prod XAU/USD upside. While the US inflation has already challenged the Fed’s 18-month-old rate hike cycle, the US central bank isn’t expected to turn dovish. The same highlights details of the economic forecasts, dot-plot and Chairman Jerome Powell’s press conference for clear directions. Should the Fed policymakers suggest a July rate hike and many more, the Gold Price may slip off the bull’s radar while dovish remarks won’t hesitate to propel the XAU/USD past the $1,960 hurdle. Also read: Gold Price: Key levels to watch As per our Technical Confluence Indicator, the Gold Price edges higher past the $1,932 support comprising the previous monthly low, Pivot Point one-day S1 and the lower band of the Bollinger on the hourly chart. Also keeping the XAU/USD bulls hopeful is the quote’s sustained trading past the $1,943 previous upside hurdle, including the 100-DMA, Pivot Point one-week S1and the previous low on the four-hour (4H) chart. However, a convergence of the Fibonacci 61.8% on one-week and 38.2% in one-day prods immediate upside of the Gold Price near $1,953. Following that, 10-DMA, 100-SMA on 4H and the Fibonacci 61.8% on one-day together highlight the $1,958 as a tough nut to cra...

Historical Gold Price Performance in USD Period Change ($) Change % 30 Days -26.30 -1.33% 6 Months +162.60 +9.07% 1 Year +97.80 +5.26% 5 Years +676.70 +52.91% Since 2000 +1,667.80 +579.50% Redistribution Notice: Kitco charts may be reproduced and redistributed in any print or electronic form provided that

On this page you can view the current price of gold per ounce, gram or kilo. Gold is usually quoted by the ounce in U.S. Dollars. The gold price can, however, be quoted in any currency by the ounce, gram or kilo. The price of gold is constantly on the move and can be affected by many different factors. Is the Gold Price the Same as the Spot Price? When looking at gold prices, the figures quoted are typically going to be Why do Investors Care About the Gold Price? As with any other type of investment, those looking to buy gold want to get the best deal possible, which means buying gold at the lowest price possible. By watching gold prices, investors can look for trends in the gold market and also look for areas of support to buy at or areas of resistance to sell at. Because gold pretty much trades around the clock, the gold price is always updating and can even be viewed in real time. Why are Gold Prices Always Fluctuating? The price of gold is in a constant state of flux, and it can move due to numerous influences. Some of the biggest contributors to fluctuations in the gold price include: • Central bank activity • Monetary policy • Interest rates • Currency market activity • Inflation/deflation • Geopolitics • Risk appetite or aversion • Jewelry demand • Investment demand Currency markets can have a dramatic effect on the gold price. Because gold is typically denominated in U.S. Dollars, a weaker dollar can potentially make gold relatively less expensive for foreign buyer...