Posted 01 Jan 2005
The live gold price can vary widely in the spot gold market. The spot gold price is shown below in troy ounces. 1 troy ounce = 31.1034768 grams. With some fortunate timing RunToGold readers have been lead during this latest gold upleg to tremendous profits over 25% and I remain extremely fond of the Ancient Metal of Kings. The 200DMA is the 200 day moving average. The Relative number is the current price divided by the 200DMA. This shows whether the metals are cheap, average value, expensive or really expensive. The goal is to buy low and sell high.
RunToGold.com spot gold prices per gram are provided by a data feed from GoldMoney. For third-party storage we recommend GoldMoney and for physical possession we recommend GoldSilver because of the great prices and A BBB rating.
The gold price is sometimes referred to as world gold price, New York gold price, London Metal Exchange gold price, spot gold price, market gold price and gold bullion price. These gold prices are indications of the current trading gold prices for one troy ounce of gold on world gold exchanges.
The gold price used in the gold price charts on Run To Gold are the 24 hour Spot Gold Bid Price which are discovered in New York, London, Hong Kong and Sydney. These gold prices are quoted in Federal Reserve Note dollars (FRN$). Throughout the world the gold prices chart are often displayed in currencies other than the FRN$ and are converted into the local currency.
Like all gold prices, the current gold price reflects the inherent value of gold and the relative strength of the underlying fiat currency. For example, the FRN$ price of gold chart may increase more in percentage terms than gold priced in Euros. The reason would be that the change in gold prices is a reflection of FRN$ weakness against the Euro and would not be the result of the change in the intrinsic value of gold based on the gold market fundamentals.
Run To Gold gold price charts are updated every 1 minute for both the live gold price charts and the moving averages. The 50 day and 200 day moving average gold prices are the sum of the average gold prices for the most recent 50 or 200 trading days.
The monetary metals of gold, silver and platinum are a great way to store wealth and can be used to perform accurate metal calculations of value using tools like the Numeraire spreadsheet. Now is a great tim to buy gold.
