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SILVER Return to the list of instruments XPDUSD

Currency converter

Spot gold (500 oz)
2725.85
06 Nov 2024 11:14
Price Change (% chg)
-1.31
(-0.05%)
Prev Close
Prev Close

Closing price, the previous day.
2743.2
Open
Open

Opening price.
2736.41
Day's High
Day's High

The highest price over the last trading day.
2749.19
Day's Low
Day's Low

The lowest price over the last trading day
2700.79
Week High
Week High

Price range high in the last week
2774.3
Week Low
Week Low

Price range low in the last week
2700.79
Download archive
Buy
2725.85
Sell
2725.85
Open the chart in full screen view
Buy
2725.85
Sell
2725.85
Download archive
Open the chart in full screen view

XAU/USD. Main features Gold can be called the king of the precious metal market. It has remained in demand for many decades. Sometimes the prophets of gloom and doom forecast a sharp fall in gold but these are just predictions. Gold is still the most stable and popular trading instrument. In many countries, gold is still used in settlements. The world's leading countries hold gold bullion in their gold reserves. On this page, you can see the gold spot price in real mode on the London Metal Exchange. Taking into account the US dollar-to-gold ratio, you will be able to grasp whether it is worth investing in this instrument or not. What impacts gold price As a rule, there are several factors that influence the gold price:

  • Supply/demand
  • The size of gold reserves in a particular country;
  • Breaking fundamental news and central banks’ announcements;
  • Natural disasters;
  • High correlation with the US dollar (if the greenback loses momentum, gold starts rising).
Main perks of gold investment:
  • Gold is a safe-haven asset. When national currencies depreciate, investors are prone to invest in gold.
  • Gold is a highly liquid asset. It is always in demand, and traders can quickly sell it at the market price.
  • Gold is considered a universal currency that has intrinsic value relative to the national currency of any country.
Drawbacks of gold investment Naturally, there are some disadvantages even though they are insignificant. The main one is that its price may be stuck in the narrow range for a long time. Gold is not the most profitable asset. If US stocks have grown by 8% (statistics for 1926-2018) in 40 years, gold has advanced by 3-3.5% over the same period of time (statistics for 1979-2019). How to buy gold - Purchase gold bullion in large banks. A significant disadvantage of this method is that you will have to take care of the safe storage of the precious metal (for example, rent a deposit box in a bank);

- Buy gold coins in banks or from specialized firms. Requirements for coins are extremely high: any chip or dent on the surface of a coin significantly reduces its price. How to invest in gold. Trading on exchange Here are the main ways of investing in gold:

  • Buy shares of gold mining companies;
  • Find a mutual investment fund (a company that buys gold or derivatives with investors' funds) and purchase mutual fund units;
  • Invest in exchange-traded funds (ETFs);
  • Buy futures – financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.
As you can see, there are many ways to invest in gold. However, when buying this metal, remember that returns may be small. However, this minor disadvantage outweighs the main advantage of gold being a safe-haven asset.

In our opinion, it is wise to invest part of the capital in gold and count on a long-term profit.

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