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Gold Commodity
Gold used as money, as a store of
value and in jewelry.
Modern industries also use gold
in dentistry and electronics because of its good resistance to
oxidative corrosion. Chemically, gold is a transition metal which
can form trivalent and univalent cations upon salvation.
In various countries, gold is used as
a standard for monetary exchange, in coinage and in jewelry.
Information regarding the gold
market, its structure, operations and gold traders.
Invest in
Gold,
Gold
Market
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Countries: |
Gold Companies List: |
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Armenia
Argentina
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belgium
Belize
Benin
Bermuda
Bolivia
Brazil
Bulgaria
Cameroon
Canada
Central African Republic
Chad
Chile
China, People's Republic
Colombia
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
Denmark
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Faeroe Islands
Fiji
Finland
France
French Guiana
French Polynesia
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guadeloupe
Guatemala
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Korea
Kuwait
Kyrgystan
Latvia
Lebanon
Liberia
Liechtenstein
Lithuania
Luxembourg
Madagascar
Malaysia
Maldives
Mali
Malta
Martinique
Mauritius
Mexico
Moldova
Monaco
Mongolia
Morocco
Nepal
Netherlands
Netherlands Antilles
New Zealand
Nicaragua
Norway
Oman
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
San Marino
Saudi Arabia
Singapore
Slovakia
Slovenia
Somalia
South Africa
Spain
Sri Lanka
Suriname
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Togo
Tunisia
Turkey
Turkmenistan
Ukraine
United Arab Emirates
United Kingdom / UK / England
United States / USA
Uruguay
Uzbekistan
Venezuela
Vietnam |
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Major gold producers
are the South Africa, United States, Australia,
China, Russia and Peru. In South America, the
controversial project Pascua Lama aims at
exploitation of rich fields in the high
mountains of Atacama Desert, at the border
between Chile and Argentina.
About one-quarter
of the world gold output is estimated to
originate from artisanal or small scale mining.
Like other
precious metals, gold is measured by troy weight
and by grams. When it is alloyed with other
metals the term carat is used to indicate the
amount of gold present, with 24 karats being
pure gold and lower ratings proportionally less.
Gold Prices
Key factors in gold market, supply and demand
and gold's role as a monetary asset.
The price of gold is determined on the open
market, but a procedure known as the Gold Fixing
in London, originating in September 1919,
provides a daily benchmark figure to the
industry.
The price of gold
on the open market has ranged widely, from a
high of $850/oz on January 21, 1980, to a low
of $252.90/oz on June 21, 1999. In January 2008
a new maximum price of $865.35 per troy ounce
was established.
Since 2001 the
gold price has more than tripled in its value and
it continued to gain purchasing power for the
next years.
London Gold Market Report gives a regular
market and prices overview.
Gold purity classification:
|
Pure
gold Gold alloys |
Caratage |
Fineness |
%
Gold |
|
24 |
1000 |
100 |
|
22 |
916.7 |
91.67 |
|
18 |
750 |
75 |
|
14 |
583.3 |
58.3 |
|
10 |
416.7 |
41.67 |
|
9 |
375 |
37.5 |
International Gold Market
The gold
standard called for fixed exchange rates,
with parities set for participating
currencies in terms of gold, and provided
that any paper currency could on demand be
exchanged for gold at the central bank of
issue. In the foreign exchange market, under
the gold standard, exchange rates could, in
principle, fluctuate only within very narrow
limits determined by the costs of shipping
and insuring gold.
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Search for more in the
database
Subjects keywords:
Gold,
Gold commodity, Gold market, Gold Prices,
Gold purity classification, Gold production,
Gold export, Gold supply and demand. All
information about gold.
GOLD TRADING
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