Gold has demonstrated an average annual rate of return of approximately 7.78% over the long term. This number is achieved by looking at gold’s prices from 1971 to 2022. Many investors monitor how close the current gold price is to the all-time high as a timing tool.
How do gold prices work?
The market is very transparent, and live gold prices allow investors to stay on top of any significant shifts in 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.
What is a gold spot price?
The spot price of gold is the market price at which one ounce of gold can be bought and sold for instant delivery. The gold spot price is constantly changing, making it crucial to remain updated on performance indicators such as market conditions and current events because they greatly affect the buying and selling of gold.
