This nervousness has strengthened the haven demand for the US Dollar (USD), weighing on the USD-denominated Gold price. In doing so, Gold price filled in the bullish opening gap of about $25, led by the market’s reaction to the weekend news of the US military involvement in the Israel-Iran conflict. In addition, demand for gold in technology recovered 10% year-on-year driven by the AI boom in the electronics sector. Get the trends and expert predictions you need to stay ahead of the markets. According to an April 6 WGC report on ETFs, Q1 flows in dollar terms reached US$21 billion, marking the second highest number ever recorded, just wcg gold price behind Q2 2020, which saw 433 MT worth US$24 billion.

World Gold Prices

6QuarumSM, our web-based tool powered by WGC’s Gold Valuation Framework, can help investors understand how these different drivers impact gold’s long-term performance. Global jewellery demand remained resilient, despite record-high prices, only falling 2% year-on-year. At that time, the investor will typically have a specified amount of time to complete their purchase and lock their price in. The amount of time given may be fairly short, however, such as ten minutes (as is the case with JM Bullion). Dealers do this to try and protect themselves from rapidly changing prices.

• When you’re ready to sell your precious metals, we will buy your gold at the highest price offered to us on the market.
• The World Gold Council’s Q Gold Demand Trends report reveals that total global gold demand (inclusive of OTC purchases) was up 3% year-on-year to 1,238t, marking the strongest first quarter since 2016.
• On weekends he can be found cycling the Seawall, exploring farmers markets or sampling the city’s local craft breweries.
• The price is driven by speculation in the markets, currency values, current events, and many other factors.
• Markets believed the Middle East escalation-driven surge in Oil price could stoke inflationary fears worldwide.

The average gold price in a range of frequencies (monthly, quarterly, annually) and various currencies (including the major trading, producer, and consumer currencies) from 1978. Gold reference prices from the London Bullion Market Association and Shanghai Gold Exchange in a range of frequencies (daily, weekly, monthly, annually) back to 2015 or earlier where available. Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies.

Gold can, just like any other commodity, become volatile with rapid price changes and swings. The gold market can also, however, go through extended periods of quiet trading and price activity. Today many financial experts see gold as being in a long-term uptrend and that may potentially be one reason why investors are buying gold. In areas outside of the U.S., the spot gold price is taken in USD and simply converted to local currency. The gold spot price is the prevailing price for an ounce of .999 fine gold that is deliverable right now. The spot price does not take into account dealer or distributor markups or markups by the minting or manufacturing company.

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Gold’s diverse uses, in jewellery, technology and by central banks and investors, mean different sectors of the gold market rise to prominence at different points in the global economic cycle. This diversity of demand and self-balancing nature of the gold market underpin gold’s robust qualities as an investment asset. Gold market trading volumes averaged US$363bn/day in May, 18% lower m/m yet significantly higher than the 2024 average of US$233bn/day. Due to a tepid gold price performance, all gold market sectors witnessed cooling momentum in activities. The LBMA OTC trading was 19% lower compared to April, reaching US$146bn/day in May, but remaining above its 2024 average of US$113bn/day. Trading volumes of global gold ETFs were also strong, notably higher than levels seen in previous years despite a minor m/m decline.

• These prices are calculated in troy ounces and change every couple of seconds during market hours.
• The range-bound moves of gold during the month, may have discouraged trader interest.
• Traders await the altcoin season every market cycle to take profits on alternative tokens as capital rotates from Bitcoin to other cryptos.
• And we expect it will serve as a safe haven in the longer term.Gold experienced pullbacks at the onset of the global financial crisis too, falling between 15% and 25% in US-dollar terms a couple of times during 2008.

Consistent and substantial purchases by the official sector highlight gold’s importance in international reserve portfolios amidst market volatility and increased risk. Certain states place sales taxes on physical precious metals, including gold. When buying online, Internet retailers will only charge you sales tax if you are an in-state customer, and if the state does indeed tax precious metals. Fortunately due to our location, JM Bullion does not have to collect sales tax, although consumers may be liable to pay local use tax.

Buy/Sell Prices

The actual bullion and cash normally take two working days to settle to your account. For a purchase, your funds stay in your account and are reserved until the bullion is settled. Likewise for a sale, the bullion you are selling is reserved in your account until you receive the cash, typically after two working days. For private investors, only BullionVault gives you direct access to that trading spread, enabling you to set or accept prices as you choose using our live Order Board. Spot, in other words, doesn’t necessarily reflect a price you might actually get from any individual bank or dealer, and it cannot reflect the spread between prices to buy and prices to sell.

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But, if you believe the markets are too risky or volatile — or if you believe inflation is weakening the purchasing power of your dollar — then precious metals could be a fantastic option for you. Central banks around the world have dumped $48 billion in Treasuries since late March alone. At the same time, central banks keep buying gold, continuing a trend that began years earlier. Historical trends show that investing in gold has made a good if imperfect hedge against poor performance from currencies, shares, bonds and real estate.

Outflows in Germany may have been driven by cooling global trade uncertainty – which pushed up investor risk appetite – before Trump’s renewed tariff threats on Europe later in the month. Despite the Bank of England’s rate cut12, lowering trade risks – as the UK reached a deal with the US13– cooled gold ETF demand. And weaker gold price performances denominated in local currencies may have also discouraged investors.

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But ballooning budget deficits, negative real rates and debasement of currencies will present structural challenges to asset managers, pension funds and personal savings. The most prominent of these is the massive liquidation virtually all asset classes experienced in the past week. Even longer-term US treasuries prices fell, despite a second unscheduled cut by the Fed on 15 March slashing the Fed funds rate to pre-2016 levels. The 10-year US treasury yield is trading above 1% after reaching a historical low of 0.33% on 9 March. Gold is viewed by some as a “safe-haven” asset for it is one of the only assets with virtually no counter-party risks (gold requires no performance by outside entities to retain its value). This is why gold’s value may potentially rise during times of economic instability or geopolitical uncertainty.

Digging into Q1 gold demand, the WGC highlights a 1 percent year-on-year increase to 1,206 MT, the highest for a first quarter since 2016. In value terms, the amount was close to the previous quarter’s record of US$111 billion. The yellow metal set multiple new all-time highs during the period, and the World Gold Council’s (WGC) latest report on gold demand shows its average Q1 price came in at US$2,860 per ounce.

Gold then regained that level, and also set fresh all-time records in Euros, UK Pounds, Japanese Yen and most other major currencies during the Russian invasion of Ukraine starting in late-February 2022. The price for an ounce of gold is the same all over the globe; otherwise an arbitrage opportunity would exist. The world spot gold price is simply converted into local currencies to give market participants the price for 1 troy ounce of .999 fine gold in their respective local currency. Gold is a commodity that is traded all over the world, and as such, it trades across many different exchanges, such as Chicago, New York, Zurich, Hong Kong, and London. The COMEX, formerly part of the New York Mercantile Exchange and now part of the CME Group in Chicago, is the key exchange for determining the spot gold price. The spot gold price is calculated using data from the front month futures contract traded on the COMEX.

Central Bank Gold Reserves Survey 2025

With that said, the best time for any one person to buy gold ultimately depends on their personal convictions and financial goals. Ultimately, investing in precious metals often comes down to your beliefs about what you think is happening in the economy — both in the short and long term. Innovations like these further established gold as a trusted currency & medium of exchange. It also reinforced the precious metal’s role as a store of value, which is a legacy that continues today as gold recently hit an all-time-high in 2025. After thousands of years, it’s still relevant as a hedge against inflation & economic instability. † ‘Global Inflows/positive demand’ refers to the sum of changes of all funds that saw a net increase in holdings over a given period (e.g., month, quarter, etc.).

The price of gold can change by the second, led by investment supply and demand as well as by changes in other markets (commodities, stocks or bonds) and also the currency that the investor wishes to use to buy their gold. The weight measure for the daily price of gold is troy ounces, with orders on BullionVault placed in kilograms. Currently, the US dollar spot price for 1 ounce of gold is and in Canadian dollars . The spot price of gold is the most common standard used to gauge the going rate for a troy ounce of gold. The price is driven by speculation in the markets, currency values, current events, and many other factors.