Interested to see where metals prices have been and may be going?
Stop by our website to view live charts for gold, silver, platinum and palladium.
Below are a few examples of the live charts Monex provides precious metals investors to help them keep track of where prices are and where they have been.
- 3-Mo Live
- 6-Mo Candlestick
- 1-Year Close
- 5-Year Close
- 10-Year Close
What is the price of gold
Gold is bought and sold in a wide range of forms, quality, delivery locations, forward time conditions and types of transactional exchanges, producing very different prices at any one time. Most common gold price reporting is for commercially standard, pure .999 fine bullion bars in kilogram or larger bar sizes. Commodity exchanges like the COMEX report previous transaction prices to the public on a 5-15 minute delayed basis. Actually, Current Gold Prices are the two price levels where traders are most actively making a market, which represent where those are willing to buy versus sell. The best value for a Current Price of Gold is the nominal price between those prices on an active high volume marketplace for immediate delivery, which is most commonly referred to as the spot price of gold. Gold prices are recorded over time as comparison, and charted to suggest trends and overextended price moves. Besides the current gold price, how it compares to a previous day’s final price and average of previous spot prices are frequently monitored.
What gold price charts does Monex produce
The gold price charts above feature Monex Spot Gold Prices per ounce, which represent the midpoint between Monex bid and ask prices per ounce, for pure (minimum .999 fine) bullion bars. The 3-Month Live chart above incorporates the latest Gold Bullion price for the current trading day, while the 6-Month Candlestick, 1-Year Close, 5-Year Close and 10-Year Close charts include the last Spot Gold price for the previous trading day. These charts are the widely accessible chart information available not only to Monex customers, but also to all websites, competitors, researchers and government officials alike. In addition, Monex is pleased to offer our customers and prospective customers a wide selection of other tools, including exclusive and customized charts not available to the general public. Located on special restricted-access pages, these additional charts and tools are available via special links which can be sent to qualified recipients in special emails sent from Monex. For access to these additional charts and tools, please call a Monex Account Representative at the phone number listed at the top of this page.
What factors influence the price of gold?
Gold’s unique properties make it indispensable in a wide range of uses, such as electronics, medical applications, jewelry and gold plating. As both an industrial commodity and the world’s truest money having intrinsic value, gold has three primary factors that influence its price. First, jewelry and industrial demands deviate significantly with economic cycles, as can the supply of the commodity from mining and scrap recovery. Secondly, changes in central bank ounces in reserves (government stockpiles) do play a major role, though at times more emotionally on markets than its relative magnitude would otherwise impact supply and demand. Third, and potentially the most significant factor, is the demand by private investors and investment funds at relative price levels, which is largely affected by economic issues and geopolitical uncertainty. Foremost, the desire for gold as money, call it a hedge or a store of wealth, is highly impacted by a nation’s real interest rates, which is nominal rates earned less inflation. Currently, as inflation is feared to creep up in many countries, and sluggish economies imply lagging interest rates, it is largely envisioned that low or negative real interest rates will foster greater desire for gold, and thus, higher prices.