Real-time gold prices

The price of gold, and to a lesser extent silver, are major economic indicators that influence the world's financial markets. Although gold remains the benchmark precious metal , silver also attracts investors' attention. The quotation and price variation of gold bars, gold coins and gold ingots in grams are closely followed by market players. Fluctuations in the spot and actual price of an ounce of gold, and the associated premium, are central to the buying and selling of precious metals. However, it is primarily an understanding ofgold 's fluctuations and the factors that determine them, such as interest rates and central bank policies, that is essential for investors and private individuals wishing to buy or sell precious metals such as gold, silver, platinum or palladium.

Real-time gold prices: Everything you need to know about live gold prices!

Gold quotations help to understand and monitor market trends. It reflects the value attributed to gold at a given moment, and directly influences transactions and investment strategies. For individuals and professionals alike, mastering the subtleties of gold quotation enables them to optimize theirgold buying or selling decisions.

Definition and operation of gold quotation

Gold quotation is the official price of this precious metal on the international financial markets. It is generally expressed in US dollars per troy ounce, a unit of measurement equivalent to approximately 31.1 grams. The main exchanges and associations that quote gold are the London Bullion Market Association (LBMA) in London, the COMEX in New York and the Shanghai Gold Exchange in China.

The gold fixing, i.e. the determination of the official price, takes place twice a day in London: at 10:30 and 15:00 local time. This process involves the main market players agreeing on a price that reflects the balance between global supply and demand. Between these two fixings, the gold price fluctuates continuously, reacting to multiple economic, geopolitical and monetary factors.

Influence of quotation on physical gold transactions

Goldquotation plays a central role in the pricing of gold products, whether it's a gold bargold bullion or a gold coin. However, it is important to understand that the final selling price of these products does not correspond exactly to the official gold price. In fact, a premium is generally added, the amount of which can vary according to several factors. These include the form in which the gold is marketed, the degree of purity of the metal, the costs associated with manufacturing and distribution, and the rarity of certain collector's items. These various aspects help determine the final price offered to buyers, creating a gap between the gold price and the actual selling price of gold products.

The consequences of gold price fluctuations

Fluctuations in the price of gold can have repercussions on the global economy. A rise in the price of gold is often perceived as a sign of economic uncertainty, prompting investors to turn to this safe-haven asset. Conversely, a fall may reflect renewed confidence in traditional financial markets. For gold-producing countries, variations in gold prices have a direct impact on their export revenues. For example, South Africa, Ghana and Mali are particularly sensitive to movements in the gold price.

Gold price trends in euros

The evolution of the euro gold price is a major economic indicator, closely followed by industry professionals. Understanding these fluctuations is essential for anyone wishing to invest in gold or simply follow global economic movements.

Recent trends in the euro gold price

Over the last few years, the price of gold in euros has been fluctuating upwards. Over the last 5 years, the price of gold has risen by more than 80%. Thanks to its experience in the field, Abacor has been able to observe and analyze these movements closely. In 2024, the price of gold reached all-time highs, exceeding 2,500 euros per ounce. What's more, the price of gold rose considerably in 2024, by almost 28% (as at 11/25/24). Geopolitical tensions, monetary policies and global economic uncertainty are the main reasons for this rise.

Future prospects for the euro gold price

Abacor experts anticipate a continuation of the upward trend in the euro gold price over the coming months. In fact, several factors support this projection:

• Persistent geopolitical uncertainties
• Fears of a global economic recession
• The accommodating monetary policies of the ECB (European Central Bank) and the FED (US Federal Reserve)
• Growing demand for gold from central banks

However, it is important to note that the gold market remains volatile and sensitive to economic and geopolitical events. This is why you need to remain vigilant and closely monitor economic indicators to adjust your investment strategies.

Comparison with other currencies

Theevolution of the euro gold price is a complex subject that requires in-depth, contextual analysis. To gain a full understanding of these dynamics, it is necessary to compare them with fluctuations in gold prices in other major currencies, such as the US dollar, Japanese yen or British pound. This comparative approach enables us to better grasp global trends in the gold market and identify the factors influencing its price in the euro zone. Indeed, variations in gold prices may be due to changes in the intrinsic value of the precious metal, but also to fluctuations in exchange rates between different currencies. Thus, a cross-country analysis of gold's performance in various currencies offers a more nuanced and comprehensive perspective of its evolution on international markets.

Live gold prices: The price of gold bars, ingots and coins

Thephysical gold market offers numerous investment opportunities, whether in the form of bullion, ingots or coins. Abacor, a recognized specialist in the buying and selling of precious metals since 1996, offers a wide range of gold products to meet every need.

The price of gold bars and ingots

The gold bar is considered a particularly pure form of investment in physical gold, with its value determined by factors such as weight and fluctuations in the price of gold on the world market. As a tangible product, it offers protection against inflation and serves as a safe haven in times of economic uncertainty. This makes it a popular choice for investors seeking to diversify their portfolios. At the same time, bullion, which is a smaller ingot, represents an affordable alternative for those wishing to invest in gold without spending large sums.

Quotations for the main gold coins

Quotations for major gold coins are an important indicator for investors and collectors in the precious metals market. These quotations reflect the market value of internationally recognized gold coins, such as the Napoleon, the Krugerrand or the American Eagle. Prices fluctuate daily according to various factors, including the price of gold on international markets, the rarity of the coins, their state of preservation and buyer demand. Industry professionals and specialized websites regularly publish these quotations, enabling market players to monitor price trends and make the right decisions regarding their transactions or investments in this field.

What's the difference between a gold bar and a gold coin?

The comparison between bullion and gold coins raises both practical and investment considerations. The gold bar, generally available in various sizes, is often favored for its purity and ease of storage, making it a popular choice for those seeking to acquire large quantities of gold. By contrast, the gold coin, which can have numismatic value in addition to its gold content, attracts collectors and investors interested in an object with a particular history or design. While bullion may offer a lower cost per gram, the coin may be easier to sell or exchange due to its recognition on the market. So, the choice between bullion and gold coin depends on each investor's objectives, whether they be portfolio diversification or collecting.

Recent trends in the gold price

Gold reached new all-time highs, propelled by a variety of geopolitical and economic factors. International tensions, particularly in the Middle East, reinforced gold's safe-haven status. At the same time, expectations regarding the monetary policies of the major central banks, in particular the US Federal Reserve and the European Central Bank, also influenced prices. Investors turned to gold as a hedge against inflation and economic uncertainty. This dynamic was supported by stronger demand from central banks and institutional investors. However, as with any financial asset, the gold price remains subject to short-term fluctuations and corrections, despite its general upward trend.

Investment strategy in physical gold

Against this backdrop of rising gold prices, Abacor recommends diversifying your physical gold purchases. A well-balanced strategy might be to combine bullion for its optimal price-quality ratio, and gold coins for their liquidity and numismatic appreciation potential. It is also advisable to regularly monitor gold quotations and analyze market trends before making investment decisions.

What factors influence the price of gold?

The price of gold is influenced by numerous economic, geopolitical and financial factors that interact in complex ways. Understanding these elements enables us to anticipate gold price trends and make the best possible investment decisions.

The global economic environment

The global economic environment greatly determines the price of gold:

• Inflation: in times of high inflation, gold is seen as a safe-haven asset that preserves purchasing power. An increase in inflation generally leads to a rise in the price of gold.
• Interest rates: low interest rates make gold more attractive, as it doesn't earn interest. Conversely, rising interest rates tend to drive down the price of gold.
• Economic growth: weak or negative growth pushes investors towards gold, considered a safe asset. Strong growth, on the other hand, favors riskier assets such as equities.

The global geopolitical context

International tensions and political instability have a major influence on gold prices:

• Armed conflicts: wars and regional conflicts create uncertainty and drive people to gold.
• Diplomatic crises: tensions between major powers can push up the price of gold.
• Political instability: regime changes or uncertain elections favor gold as a safe haven.

Currency fluctuations

The price of gold is strongly linked to variations in exchange rates, particularly the US dollar:

• Weaker dollar: a weaker dollar makes gold cheaper in other currencies, stimulating demand and driving up the price.
• Rising dollar: a strong dollar tends to drive down the price of gold expressed in dollars.

Physical demand for gold impacts the gold price

Demand for physical gold, particularly for jewelry and industry, also influences the price:

• Jewelry: the main outlet for gold (around 50% of demand), especially in India and China.
• Industry: gold is used in electronics, medicine and other technological sectors.
• Investment: demand for gold ingots and coins by individuals and funds.

In 2023, global demand for gold reached 4899 tonnes, including 2091 tonnes for jewelry, according to the World Gold Council.

Monetary policy and central bank purchases

The decisions of central banks, such as the European Central Bank, have a strong influence on the gold price:

• Gold purchases: central banks, particularly those of emerging countries, are diversifying their reserves by buying gold, thereby bolstering its price.
• Monetary policy: quantitative easing and low interest rates boost gold.

In 2023, central banks bought 1136 tonnes of gold, an all-time record, contributing to the rise in the price.

Gold supply and mine production

The supply of gold on the market also influences its price:

• Mine production: the main source of new gold on the market (around 75% of supply).
• Recycling: the remainder of the supply comes from the recycling of existing gold.

Speculation and financial investments

Speculative movements on the financial markets can amplify variations in the price of gold :

• Gold ETFs: gold-linked index funds are an easy way to invest, influencing demand. However, investing in ETFs is less advantageous than in physical gold, due to management fees and the absence of direct ownership of a tangible asset.
• Futures contracts: positions taken by traders can create short-term volatility.

In 2020, gold ETFs recorded record net inflows of 877 tonnes, contributing to the rise in the price that year.

Abacor analyzes these various elements on a daily basis to offer its customers the best investment opportunities in physical gold. Whether you're looking tobuy gold bar, bullion, a gold coin or to buy back gold, our experts are at your disposal to guide you in your decisions, taking into account the complex evolution of the gold market.

What is an ounce of gold?

The ounce of gold is the reference unit of measurement on the international market for precious metals (such as silver, platinum or palladium). Understanding its meaning and use is useful for any investor wishing to buy or sell gold.

The origin of the ounce of gold

The troy ounce, used to weigh gold and other precious metals, takes its name from the town of Troyes in France, where this system of measurement, whose origins date back to the Roman Empire, was developed mainly in the Middle Ages. One troy ounce is equivalent to 31.1034768 grams. This unit differs from the avoirdupois ounce (28.34952 grams) used in the imperial system to weigh other goods. Today, gold prices are systematically expressed in US dollars per troy ounce on major markets such as the London Bullion Market and New York's COMEX.

The value and quotation of an ounce of gold

The ounce of gold, the standard unit of measurement for gold trading, is currently experiencing a period of strong appreciation. On July 28, 2024, the value and quotation of an ounce of gold reached remarkable heights on international markets. On that day, the price of gold stood at $2,385.70 an ounce, marking a significant increase of 1.37% on the previous day's close. In euros, an ounce of gold traded at 2197.18 euros, while a gram of gold was worth 70.65 euros. This performance is part of an upward trend observed throughout 2024, with successive records broken month after month. In March, the ounce of gold had already surpassed the symbolic $2200 mark, before reaching $2500 in August, surpassing financial analysts' forecasts. It should be noted that this price corresponds to pure 24-carat gold (999.9 thousandths). Bullion coins and bars are generally quoted at a premium to this reference price. Finally, on October 31, 2024, the price of an ounce of gold reached an all-time high of $2,787.13.

Comparison with other units used in the gold market

Although the troy ounce is the international reference unit, other measures are sometimes used locally:

• The tael: used in China and Hong Kong, equivalent to approximately 1.20 troy ounces.
• The tola, the traditional unit in India, represents approximately 0.375 troy ounces.
• Grain: very small unit worth 0.002083 troy ounce, used to weigh gold nuggets

Mastery of these different units makes it possible to effectively compare gold prices on a global scale. Abacor's experts have in-depth knowledge of these regional specificities, enabling them to identify the best opportunities.

Live gold price monitoring

Regular monitoring of gold and silver prices is highly recommended for investors and private individuals wishing to optimize their financial decisions in the precious metals market. Careful monitoring of quotations and price variations for ounces, bars and coins helps identify the best buying and selling opportunities. Consider premium, gram weight and London Bullion Market Association trends to assess the performance of your gold, silver, platinum or palladium investment.

The importance of following the gold price

The price of gold, which reflects its market value at a given moment, is subject to frequent variations influenced by numerous economic, geopolitical and monetary factors. Careful monitoring of these fluctuations enables us to :

• Identify short- and long-term market trends
• Identify buying and selling opportunities
• Evaluate the performance of their gold investments
• Adjust their investment strategy in line with market movements

For private individuals holding gold in the form of jewelry, coins or bars, tracking the price also enables them to estimate the value of their assets and choose the right moment for a possible sale.

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