Search results
Results From The WOW.Com Content Network
The cost of gold per ounce increased about 27% in 2024, reaching an unprecedented high of $2,790 per ounce. ... and it may be thanks in part to the rising costs of precious metals, particularly ...
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.
Spot silver fell 0.3% to $28.85 per ounce, palladium was steady at $901.03 and platinum was little changed at $904.23. Silver is headed for its best year since 2020, having added nearly 22% so far.
On 21 January 1980 the gold fixing reached the price of $850, a figure not surpassed until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. fixing. However, when indexed for inflation, the 1980 high corresponds to a price of $2,305.18 in 2011 dollars, [ 3 ] thus the 1980 record still holds in real terms .
Twice daily, at 10:30 AM and 3:00 PM (local time). the LBMA publishes the gold price in US dollars. [1] These forward contracts are known as gold futures contracts . Spot gold is traded for settlement two business days following the trade date, with a business day defined as a day when both the New York and London markets are open for business.
It subsequently fell to US$774 per troy ounce ($25/g) in November 2008. [7] As of 21 November 2022, the platinum spot price in New York was $980 [8] per ounce, compared to $1,742 per ounce for gold [9] and $20.84 per ounce for silver. [10] Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the code ...
Wall Street analysts expect gold's rally to keep going in 2025 after the precious metal saw its biggest annual jump in 14 years. ... JPMorgan forecasts gold will rise toward $3,000 per ounce this ...
The precious metals market has seen unprecedented growth this year. Gold prices have shattered records, reaching an all-time high of over $2,700 per ounce in October.