empty
 
 

Gold as an investment

InstaTrade Company invites you to get acquainted with one of the most stable and effective instruments of capital saving. Nowadays, almost everyone interested can get access to the global gold market and invest funds in this precious metal.
Download Trading Platform
Methods of deposit / withdrawal of funds
Trading in the browser

Gold trading chart

GOLD
2735.81
01 Nov 2024 23:59
Price Change (% chg)
0
(0%)
Prev Close
Prev Close

Closing price, the previous day.
2743.4
Open
Open

Opening price.
2786.91
Day's High
Day's High

The highest price over the last trading day.
2761.71
Day's Low
Day's Low

The lowest price over the last trading day
2732.73
52-wk High
52-wk High

Price range high in the last 52 weeks
2789.61
52-wk Low
52-wk Low

Price range low in the last 52 weeks
1920.44

Gold is the oldest and the most efficient measure of capital and wealth. Other precious metals were used for the same purposes besides gold. However, generations were changing, but gold has always been a common equivalent as well as a means of payment and a commodity at the same time. The gold standard system exerted a great influence on the world economic development in the 19th – 20th centuries. National borders receded in the face of gold, and it served as the main world currency until the 70’s of the 20th century. Due to this, operations with precious metals were under strict control. Generally, the transactions were conducted at the level of the states' monetary authorities and the international financial organizations.

However, as a result of contradictions within the system, qualitative changes took place, and currency rates became floating. Consequently, the gold's role was changed, on the legal basis it was excluded from the world currency turnover. Liberalization of gold deals began; the private individuals’ rights for physical possession of metals were expanded. The precious metals market altered, therefore not only the market structure, but also its members and the line of operations changed. Nowadays, gold is no longer a payment facility, however, it has not left the system of economic relations. Today the world gold market is a complex of domestic and international markets, which are almost independent from the governments’ control. All this guarantees 24-hour global trading both precious metals and their derivatives.

The structure of demand on the world gold market can be nominally divided into 3 components: hoarding at all levels, industrial and domestic consumption and speculative operations. Supply consists of precious metals, private and public reserves, processions of auriferous ores and illegal traffic.

The main sources of supply are gold producers; the main buyers are those who use it for industrial purposes. Both appear on the market irregularly due to different factors. However, we will dwell upon surges and recessions on the market of precious metals later.

Instaforex News

1. *Euro Rises To Near 2-week High Of 1.0696 Against U.S. Dollar  2. Pound Rises Against Majors  3. *Pound Ticks Up To 0.8622 Against Euro  4. *Pound Advances To 1.1286 Against Swiss Franc  5. *Pound Edges Up To 1.2389 Against U.S. Dollar  6. Hong Kong Inflation Eases Slightly To 2.0%  7. *Pound Rises To 4-day High Of 191.82 Against Yen  8. German Private Sector Returns To Growth  9. *UK Apr Manufacturing PMI 48.7 Vs. 50.3 In Mar, Consensus 53.0  10. *UK Apr S&P Global Flash Services PMI 54.9 Vs. 53.1 In Mar, Consensus 53.0  

InstaTrade - proud sponsor of sporting teams:

Dakar Rally
Thefuture is coming -
InstaTrade and Dragon Racing
Daria Kasatkina
– new InstaTrade
brand ambassador

Videos from Instaforex

InstaWiki - Labor Market

The basics of fundamental analysis are a must for every trader. This type of analysis enables a trader to forecast further dynamics of currency pairs, thus contributing to successful trading. Fundamental analysts view a labor market as a good barometer to judge whether a currency of that country is attractive enough for investments.

InstaWiki - Crude oil

First and foremost, you should clearly understand what you are going to work with when picking a trading instrument. In this InstaWiki release, we will present a detailed analysis of oil as one of the trading instruments.

InstaWiki - Cryptocurrency

A few years ago, we got to know a new type of money, the cryptocurrency called bitcoin. Today, it is widely used for online shopping and even accepted for payments in some restaurants. What is more, bitcoin can bring you profit. Learn more about this from InstaWiki video.

InstaWiki - Inflation, Consumer Price Index, and Purchasing Power Parity

How do these concepts influence currency exchange rates? Why do central banks give inflation data high priority? You will find out about it from the next series of the video encyclopedia by InstaTrade.

InstaWiki – Safe-haven currencies

A successful investor never panics. In times of geopolitical instability, natural disasters, and uncertainty about the future, traders seek shelter in safe-haven currencies.

InstaWiki – Carry trade. Swap

Carry trade and swap are ones of the most popular Forex terms. You will find a step-by-step guide on loss-free carry trading in this release of video encyclopedia from InstaTrade.

InstaWiki – Fundamental analysis

What is the basis of fundamental analysis and should a trader pay attention to macroeconomic statistics? Make sure you are up-to-date with InstaWiki releases, the new format of information videos from InstaTrade.

InstaWiki - Stock quote, chart. Technical analysis

What are Japanese candlesticks and how are the prices of currency pairs formed? Explanation for key Forex terms is provided in another video of InstaTrade TV encyclopedia.

InstaWiki - Trend. ADX

Another InstaWiki video will unveil what a trend is and how to notice its soon reversal.

Can't speak right now?
Ask your question in the chat.