The History Of Gold Price: LATEST INFORMATION ALL ABOUT GOLD

Follow the history of gold price. The information is many years (1968-2008).
Gold price in US Dollars:1968 — 2008.


Throughout history gold has often been used as money and, instead of quoting the gold price, all other commodities were measured in gold. After World War II a gold standard was established following the 1946 Breton Woods conference, fixing the gold price at $35 per troy ounce.
The system held up until 1971 Nixon Shock, when the US stopped the direct convertibility of the United States dollar to gold. Since 1968 the usual benchmark for the price of gold is known as the London Gold Fixing, a twice-daily (telephone) meeting of representatives from five bullion-trading firms. Furthermore, there is active gold trading based on the intra-day spot price, derived from gold-trading markets around the world as they open and close throughout the day. The following table sets forth the gold price versus various assets and key statistics:
Year Gold, USD/oz[1] Silver, USD/oz[2] DJIA, USD[3] World GDP, USD tn[4] US Debt, USD bn[5]
1970 37.4 1.6 838.9 3.3 370.1
1975 140.3 4.2 852.4 6.4 533.2
1980 589.5 15.5 964.0 11.8 907.7
1985 327.0 5.8 1,546.7 13.0 1,823.1
1990 353.4 4.2 2,633.7 22.2 3,233.3
1995 369.6 5.1 5,117.1 29.8 4,974.0
2000 272.7 4.6 10,786.9 31.9 5,662.2
2005 513.0 8.8 10,717.5 45.1 8,170.4
2008 865.0 10.8 8,776.4 54.6 10,699.8
In March 2008 the gold price reached above $1000, reaching an all-time nominal high of $1002.80,which, in real terms was still well below the $850 peak in 1980. It then fell, going as low as $709.50 in November, then resumed its upward trend, temporarily breaking the $1000 barrier again in late February 2009.
More Know link: Gold as an investment

Latest News Of eBay and Silver Price: LATEST INFORMATION ALL ABOUT GOLD

Spot Gold Price: 904.20
Spot Silver Price: 13.08
The News Of Gold is ebay and Silver Prices. You can know more information of Gold. The purpose of eBay Gold Prices is to provide a true or real gold price indicator for physical gold bullion available for delivery today and to show the premium above the spot gold price for physical gold bullion. Gold coin prices are provided for the American Gold Eagle, Kruger and, British Sovereign and Canadian Gold Maple Leaf Coins based on sales data taken from the US eBay site.
Prices are published daily around 2AM Pacific Standard Time (GMT -7).
The columns are as follows:
a) Total oz: The total number of ounces of all items of the specific type.
b) High: The highest silver or gold price paid for an item in the last day.
c) Prem %: The premium over spot gold price or spot silver price of the last Sold (High).
d) Chng %: The percent change of the current (High) and last (day before) (High).
e) Low: The lowest silver or gold price paid for an item in the last day.
f) Items: the total number of items of the specific type that were sold in the last day.
g) Bids: the total number of bids on the items.

The Gold and Silver prices are the COMEX spot gold price and silver prices at the time the eBay Gold Prices are published.
More information link: eBay Gold and Silver Prices For Your Website

Gold Price Per Ounce So Latest News: LATEST INFORMATION ALL ABOUT GOLD

Conversion: 1 troy ounce = 31.1034768 grams

Follow The Below The Gold Price Per Ounce By Different currency Of The World.



Pounds per Ounce

Francs per Ounce

Canadian Dollars per Ounce

Australian Dollars per Ounce

New Zealand Dollars per Ounce

Indian Rupee per Ounce

Malaysian Ringgits per Ounce

Indonesian Rupiah per Ounce

RMB per Ounce

Hong Kong Dollars per Ounce

Japanese Yen per Ounce

Rand per Ounce

Russian Rubles per Ounce

Turkish Lira per Ounce

Brazilian Real per Ounce

Mexican Pessos per Ounce

Colombian Pessos per Ounce

United Arab Emirates dirham per Ounce

Singapore Dollars per Ounce

Swedish krona per Ounce

Philippine Peso per Ounce

Vanuatu Vatu per Ounce

Kuwaiti Dinar per Ounce

Argentine Peso per Ounce

NY Gold Ends Higher On Enlargement Fear, Weak Dollar It’s Latest News: LATEST INFORMATION ALL ABOUT GOLD

Mon May 4, 2009 3:42pm EDT
## NEW YORK, May 4 (Reuters) - New York gold futures rose, Nearly 2 percent to a one-week high on Monday, finishing above, $900 an ounce on a combination of weaker dollar, renewed, Inflation worries and signs of rising physical, demand from top, Bullion consumer of India, For the latest detailed report, click on [GOL/].

(A) GOLD
1) Gold for June delivery GCM9 settled up $14.00, or 1.6 Percent, to $902.20 an ounce on the COMEX division of the New York mercantile Exchange.
2) Ranged from $885.60 to $908.30.
3) Rally in gold futures triggered by a lower dollar against.
The euro and as investors added long positions following last Week’s decline traders.
4) Inflation concerns, weak dollar and optimistic view. Toward commodities are driving gold higher - Bill O'Neill,
managing partner at LOGIC Advisors.
5) A spate of positive U.S. economic data rekindled
Inflation worries, and that commodities funds showed an increased level of interest in the gold market - O'Neill.
6) Pending sales of previously owned homes rose for a second Straight month in March, while construction spending edged. Higher, suggesting a moderation in the housing slump. [ID: nN04392840]
7) Uncertainties ahead of stress test results on U.S. banks boosted safe-haven buying of gold - traders.
8) Gold mining stocks, measured by the Gold Bugs index HUI, also jumped more than 5 percent on the back of a Wall
Street rally.
9) Broad S&P 500-index .SPX rose above the psychologically Important 900 levels for the first time since January.
10) India imported about 30 tones of gold in April, up 25 Percent from the same month last year, helped by a drop in prices and festival demand - trade body.
11) Volume remained thin as London's bullion market was shut for a bank holiday.
12) Noncommercial net long positions in gold futures increased slightly, while open interest rose 1 percent in the
week up to April 28 - CFTC report. [ID: nN01338621]
13) Gold/oil ratio inched up to 16.52 from 16.66 the previous session.
14) Spot gold traded at $901.85 an ounce at 2:22p.m.EDT (1822 GMT), up 1.8 percent from its late Friday quote in New York.

(B) PLATINUM
1) NYMEX July platinum PLN9 finished up $25.60, or 2.3 percent, at $1,122.00 an ounce, rebounding after last week's
Sharp decline on auto catalyst demand worries following Chrysler's bankruptcy filing.
2) Another bankruptcy filing by General Motors or possibly Ford would take a bigger toll on platinum because of their size - UBS Investment Bank.
3) Platinum and palladium are used to clean exhaust fumes from vehicles.
4) Spot platinum at $1,116.00 an ounce, up 2.6 Percent from its late Friday quote.

(C) PALLADIUM

1) June palladium PAM9 tracked platinum to close up $8.40,or 3.9 percent, at $222.30 an ounce.
2) Spot palladium was at $219.50 an ounce, up 3.1 Percent from its previous finish.
(Reporting by Frank Tang; Editing by David Gregorio.


(D) SILVER

1) COMEX July silver SIN9 ended up 61.30 cents, or 4.9 percent, at $13.113 an ounce on the back of gold's rally.
2) Ranged from $12.440 to $13.155.
3) Spot silver was at $13.06 an ounce, up 4.8 percent from its previous finish.

More News Link: New Pacific Metals Corp.