Expressing the value of gold

Posted in Prop Trading
3 minute read
expressing the value of gold-HERO

The value of gold is typically expressed in terms of the exchange rate with the US dollar. We refer to the value of the precious metal measured in USD per ounce. This is commonly known as the "London Spot Price" of gold. The London Spot Price is the global benchmark used for valuing gold worldwide.

London Spot Price

Gold trading worldwide

The rule of one price

Gold’s link to the USD

Keen to start trading gold?

Frequently asked questions

What is the basic unit of gold?