Gold prices refer to the market value of gold, which fluctuates based on supply and demand dynamics. Factors influencing these prices include economic conditions, inflation rates, and geopolitical stability. Investors often turn to gold as a safe-haven asset during uncertain times, which can drive prices higher. The price of gold is typically measured in troy ounces and is quoted in various currencies, including the U.S. dollar. Gold is traded on various exchanges, and its value can be affected by changes in interest rates and currency strength. Tracking gold prices helps investors make informed decisions about buying or selling this precious metal.