Gold Price
The gold price refers to the market value of gold, typically measured in ounces. It fluctuates based on supply and demand, economic conditions, and geopolitical events. Investors often turn to gold as a safe-haven asset during times of uncertainty, which can drive prices higher.
Gold is traded on various exchanges worldwide, with the most notable being the London Bullion Market and the New York Mercantile Exchange. Prices are quoted in different currencies, primarily the U.S. dollar. Factors such as inflation, interest rates, and currency strength can significantly impact the gold price.