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Gold Trading and Market News
Mar 7, 2014 - Gold futures lose 1%, but gain for the week - MarketWatch
Mar 6, 2014 - Fool's Gold Report: Platinum-Group Metals Keep Climbing Faster Than Gold - Motley Fool
Mar 5, 2014 - Gold ends higher; attention turns to economic data - MarketWatch
Mar 5, 2014 - London Gold-Fix Banks Accused Of Manipulating Benchmark Used In $40 ... - Business Insider
Mar 3, 2014 - Barclays sees spread between Platinum and Gold to widen - Metal.com News
Feb 26, 2014 - Gold ends with a loss, its first in four sessions - MarketWatch
Feb 24, 2014 - Gold logs highest settlement in nearly 4 months - MarketWatch
Feb 18, 2014 - Asian Metals Market Update - Gold Seek
Ounce Of Gold
Ounce of Gold
Gold has always been rising in value throughout its history and there are several factors for the value of an ounce of gold, as gold has always been considered a safe haven for investment. You can buy gold coins, bars, or even invest in gold ETFs or buy Gold stocks. Gold Futures is also another alternative method of investing in gold.
Viewing the spot price of gold
Gold is the most popular form of investment which can be made after verifying the price of an ounce of gold. People usually invest in gold for a longer period, such as ten years or more. You can see the price trends of various years, in order to make wise investment decisions, regarding when to buy or sell gold. The return on investment in the case of gold is usually more than any other precious metal. There are many charts provided at online sites, such as the DOW Gold which can help you to spot trends and also see major changes in trends. You can even see the Dow Jones Industrial Average which can present you with the average of the large public companies of the US.
Price Variance among dealers
The spot price of gold is the value of the gold for one ounce at any given point of time. The market usually fixes this price, but there can be a variation in the prices offered by various dealers and this is usually above the spot price. The dealers usually give you a selling price additional to the price of an ounce of gold, for the different coins, such as American Gold Eagle, or for the one-ounce of Gold Krugerrand and even more for a Canadian Gold Maple Leaf one ounce coin. All of them are exactly one ounce of gold, but the price for each of them varies and is above the spot price.
Premium on coins
This is on account of the coin premium. The dealer cannot buy and sell the coins at the spot price, as he needs to cover the cost of manufacture, shipping, insurance and also keep a profit margin for himself. Everyone involved in the chain has to cover their profit margin, which might be different for different dealers. This might depend on the cost they incurred while acquiring the coins and also on the supply of coins available and its rarity. You can pick up different bargains at various online auctions and hence it is advisable to shop around a bit when you want to buy announce of gold in the form of coins or bars.
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