International Gold Price Per Ounce Today
The international gold price per ounce is a key indicator of the global economy. Gold is a precious metal that has been used as a store of value and a medium of exchange for centuries. The price of gold is determined by supply and demand.
The supply of gold is limited, as it is a finite resource. The demand for gold is driven by a number of factors, including inflation, economic uncertainty, and jewelry demand.
The international gold price per ounce is set in the London Bullion Market, which is the world’s largest market for gold. The price is determined by a process of auction, in which buyers and sellers submit bids and offers.
The international gold price per ounce is quoted in US dollars. The price has been relatively stable in recent years, but it has fluctuated significantly in the past.
The international gold price per ounce is a key indicator of the global economy. It can provide insights into inflation, economic uncertainty, and jewelry demand.
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