What currency is gold quoted in?

Gold is usually quoted by the ounce in U.S. Dollars. The gold price can, however, be quoted in any currency by the ounce, gram or kilo. The price of gold is constantly on the move and can be affected by many different factors. Is the Gold Price the Same as the Spot Price?

Is the price of gold the same all over the world?

That being said, the price of gold is theoretically the same all over the globe. This makes sense given the fact that an ounce of gold is the same whether it is bought in the U.S. or Asia. The price of gold is available around the clock, and trading essentially never ceases.

Are gold price charts useful?

Gold price charts can be useful in several ways. For those looking to actively trade gold, rather than invest for the long-term, price charts are an absolute necessity. Short-term traders or investors may examine price data on shorter timeframes, looking for areas of support to buy at and areas of resistance to sell at.

Where can I find the current gold price?

The current gold price can be readily found in newspapers and online. Although prices per ounce in dollars are typically used, you can also easily access the gold price in alternative currencies and alternative weights. Smaller investors, for example, may be more interested in the price of gold per gram than ounces or kilos.