International Gold Rates Live
Gold is a precious metal that has been valued for centuries for its beauty, rarity, and durability. It is used in jewelry, coins, and as a store of value. The price of gold is determined by a number of factors, including supply and demand, inflation, and economic conditions.
The international gold price is quoted in US dollars per troy ounce. The troy ounce is a unit of weight that is equal to 31.1034768 grams. The international gold price is determined by the London Bullion Market Association (LBMA), which is a trade association that represents the global gold market.
The LBMA publishes a live gold price that is updated every few seconds. This price is the spot price of gold, which is the price at which gold can be bought and sold for immediate delivery. The spot price of gold is the most widely used gold price benchmark.
In addition to the spot price, the LBMA also publishes a number of other gold prices, including the forward price, the futures price, and the lease rate. The forward price is the price at which gold can be bought or sold for delivery at a future date. The futures price is the price at which gold futures contracts are traded. The lease rate is the price at which gold can be borrowed or lent.
The international gold price is a key indicator of the global economy. When the gold price rises, it is often seen as a sign of economic uncertainty. When the gold price falls, it is often seen as a sign of economic growth.
The international gold price is also a popular investment. Gold is often seen as a safe haven asset that can protect investors from inflation and economic downturns.
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