CommoditiesLBMA/COMEXContinuous
Gold Spot Price
What is Gold Spot Price?
Price per troy ounce of gold.
Why it matters
The canonical safe-haven and inflation hedge.
How to read prints
When it rises
Real yields likely falling or geopolitical risk rising; bid for hard assets.
When it falls
Real yields rising or risk-off ebbing; opportunity cost of holding gold rising.
Frequently asked
What drives the gold price?⌄
Three main drivers: real yields (inverse), the dollar (inverse), and central bank / safe-haven demand.
Why does gold move opposite real yields?⌄
Gold pays no yield. When real yields rise, the opportunity cost of holding gold rises and prices fall, all else equal.
What is the LBMA Gold Price?⌄
The London Bullion Market Association price, set twice daily via an electronic auction. The PM fix is the most widely referenced benchmark.
How much gold is in the world?⌄
~210,000 tonnes mined to date; central banks hold ~17%, jewelry ~45%, investment ~22%, industrial ~6%, the rest unaccounted.
Track it on Market Ontology
Monitor Gold Spot Price in real time on Commodities Intelligence, alongside regime classification, transmission mapping, and cross-asset context.
| Source | LBMA/COMEX |
| Frequency | Continuous |
| Category | Commodities |
| FRED Series | GOLDPMGBD228NLBM |
| Unit | USD/oz |
| Related Module | Commodities Intelligence |
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