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 prices volatile?

While gold can be volatile, gold prices are often no more volatile than the stock market or a particular equity. Large moves have been seen in almost every asset class, and almost all asset classes also exhibit periods in which they simply trade sideways. Why does gold trade essentially 24 hours per day?

What is gold used for?

Gold is used as the reflective layer on some high-end CDs. Automobiles may use gold for heat shielding. McLaren uses gold foil in the engine compartment of its F1 model. Gold can be manufactured so thin that it appears semi-transparent. It is used in some aircraft cockpit windows for de-icing or anti-icing by passing electricity through it.