WHAT IS GOLD DATA?

Price discovery is crucial for any market. Gold not only has a spot price, but it also has the LBMA Gold Price, as well as several regional prices. The LBMA Gold Price is used as an important benchmark throughout the gold market, while the other regional gold prices are important to local markets. 

This gold data set provides the gold price over a range of timeframes (daily, weekly, monthly, annually) going back to 1978, and in the major trading, producer, and consumer currencies. 

Inflows into European and Asian funds were mostly offset by outflows from large North American funds. 

Overall, the positive flows came alongside a recovery in gold prices, particularly in the latter half of the month amid concerns of uncertain global growth outlook and a reaffirmed commitment by central banks to continue easy money policies despite elevated inflation. Global Assets under Management (AUM) stand at 3,636t.

Central banks continue to be positive on gold, with roughly the same number of central banks expected to buy gold compared to last year.

The best estimates currently available suggest that around 201,296 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.

 And since gold is virtually indestructible, this means that almost all of this metal is still around in one form or another. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold would only measure around 22 metres on each side.

This breakdown of the above-ground stock of gold includes a time series of how it has evolved since 2010, and the latest year-end estimate of below-ground stocks.

Gold prices do not remain ever constant but international market of gold remains in the up and down. Every currency demands different prices of gold.

Read more : Gold Data Live