Gold price

Professional jewelers and jewelry appraisers often use gold acid tests to determine gold jewelry’s value. Different acids react differently when dripped on specific base metals, allowing you to tell how pure your gold is. Since gold is so soft, most gold jewelry today is made of an alloy of some kind.

Gold prices are moderately up and have hit a six-week high in early U.S. trading Monday. Some new geopolitical developments in the Middle East and an increasingly bullish near-term technical posture are prompting more trader and investor buying interest in the yellow metal. Gold prices are now…

On Wednesday, the spot price of gold smashed through the $1,800-an-ounce barrier, the first time that has happened since 2011.

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Gold prices have been on a remarkable rally, catching the attention of investors worldwide. According to a recent report by Citigroup, the precious metal is currently basking in the limelight, with experts foreseeing a potential surge to $3,000 per ounce in the near future. The report attributes this impressive price surge to a confluence of factors, including accommodating monetary policies, inflation concerns, and geopolitical uncertainties. Gold seems to be thriving amidst a perfect…

1 kilo (or kilogram) is 1,000 grams. For those familiar with the US measurement system, a one kilo gold bar weighs around 2.2 pounds. Since there are 16 ounces in a pound, we're looking at about 35 ounces of gold here! With the current price of...

Jeremy R. asks: Why did America stop using the gold standard? To begin with, if you’re not familiar, “the gold standard” is a monetary standard where the basic unit of currency is gold. Of course, this doesn’t necessarily mean that gold is directly used in the transaction (though, it could be and that is known as a pure gold standard). [...]

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Investors’ interest in gold peaked in September 2011, when it was generally agreed upon that the endless rounds of quantitative easing policies by the world’s central banks will result in rising inflationary pressures, while concerns over a potential Euro Zone break-up ran rampant, as government finances in countries such as [...]

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