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The London Gold Fixing (or Gold Fix) [1] is the setting of the price of gold that takes place via a dedicated conference line. It was formerly held on the London premises of Nathan Mayer Rothschild & Sons by the members of The London Gold Market Fixing Ltd.
May 20 marked an all-time high price for gold, at a spot price of $2,435.96 per ounce. Gold futures were higher at $2,438.50. Spot silver also rose to $32.17, an over 11-year high.
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012.
The gold/silver ratio is the oldest continuously tracked exchange rate in history. [9] In Roman times, the price ratio was set at 12 (or 12.5) to 1. [ 10 ] In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [ 11 ] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was ...
According to this data, amount of gold and silver physically held in London vaults is currently more than 7,700 tonnes of gold and 33,700 tonnes of silver. [6] The gold alone is valued in excess of $330 billion, more than the reported value of the metal held in Fort Knox, Kentucky and second only to the entire holdings of the US Government. [7]
The HUI-gold ratio is an expression which compares the relative quantities of the NYSE Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the NYSE Gold BUGS Index by the price of gold. [5] Investors use the HUI-gold ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold. [6]