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Gold Price
Gold Price (Android)

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despDev

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Gold Price Application Software Download Free Android

Gold Price application software download free Android

The price of gold changes every day, often by the hour. It is important to understand why and when this happens, in order to make informed decisions about whether to buy or sell gold bullion.

This page displays the current live gold price and its historical performance based on your choice of national currency. The LBMA gold price is the most widely used benchmark, but there are many other regional prices as well. The price discovery process is an important part of the gold market, and we offer the ability to track these various prices on a daily, weekly, monthly and annual basis going back to 1978.

Gold's value is determined by the demand that it attracts from the global market. The fact that people around the world want it and consider it a safe haven in times of economic uncertainty is what drives the gold price up. It can also drive the price down, depending on how much demand there is for gold versus how much supply there is at that time.

The premiums that dealers charge for gold bars and coins are over the spot price, which is defined as the prevailing spot price at any given moment in London, Zurich or New York. This means that the gold price may be different from one dealer to the next, but only marginally so, since the spot price is a real-time trading price that floats and responds to market behavior in real-time.

by despDev
Technical information
Operating System
Android
Category
Finance
Author
despDev
Downloads
12,344
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