Ad
related to: kitco live spot prices
Search results
Results from the WOW.Com Content Network
based on www.kitco.com; using price quotes for silver . This W3C-unspecified vector image was created with Inkscape. Author: Rfassbind: Licensing.
On 21 January 1980 the gold fixing reached the price of $850, a figure not surpassed until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. fixing. However, when indexed for inflation, the 1980 high corresponds to a price of $2,305.18 in 2011 dollars, [3] thus the 1980 record still holds in real terms.
AOL latest headlines, entertainment, sports, articles for business, health and world news.
A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in the mine's profitability, and possibly a 20% increase in the share price. Furthermore, at higher prices, more ounces of gold become economically viable to mine, enabling companies to add to their production.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate).
Spot gold rose 1.2% to $2,932.79 an ounce as of midday Tuesday (Feb. 18) after hitting an all-time high of $2,942.70 the previous week, Reuters reported. Meanwhile, U.S. gold futures have also ...
Ad
related to: kitco live spot prices