What is the gold price ?

The gold price corresponds to its value on financial markets — a relatively recent concept, as its price was long set by governments. After the abandonment of bimetallism and the era of the gold standard, currencies were pegged to the US dollar until 1973, when this parity ended. From that moment on, the gold price became free and fluctuating, reacting strongly to economic crises and reinforcing its role as a safe-haven asset.

Today, the price (commonly referred to as the “London Fix”) is set twice a day through the LBMA Gold Price, based on the balance between global supply and demand. Quoted in US dollars and then converted into euros, it uses the troy ounce (31.10 g) as its reference unit. Unlike stocks, gold has no closing price, as it is traded almost continuously on international markets.

What is the London Fix ?

The London Fix serves as the benchmark for global trading of gold, silver, platinum, and palladium. This price ensures transparency and consistency in transactions. It is mainly expressed in US dollars but can be converted into euros depending on investors’ needs.

Why does the gold price change ?

Several factors play a role:

• Supply and demand: Mining production, discoveries, and mine closures impact supply. On the demand side, jewellery, industry, and investment (bars, coins) all contribute.

• Interest rates and inflation: When real interest rates fall or inflation rises, gold often becomes more attractive as a safe haven.

• US dollar: Since gold is mostly traded in USD, a weak dollar can push gold prices higher for holders of other currencies.

• Geopolitics and uncertainty: During crises, international tensions, or periods of high financial volatility, gold is frequently sought after as a refuge asset.

• Market sentiment and speculation: Expectations matter: investment flows (ETFs, funds) can amplify price movements.

How to track and interpret the gold price on this page?

On this page you will find:

• The gold price per ounce, per gram, and per kilogram in euros

• The percentage change (up or down compared with the previous day) displayed alongside

• A chart showing the price trend over different periods

To interpret it:

• A positive percentage means the metal has gained value since yesterday; a negative one means it has fallen.

• Compare the price per gram (useful for small purchases) and per kilogram (for large volumes) to understand investment scale.

• The chart helps identify trends (steady rise, plateau, decline) to assess whether it might be a good time to buy or sell.

By combining these three elements, you get a clear and instant overview of the gold market and can refine your investment strategy.