Gold
GC · COMEX · futuresGold as a metal and financial asset
Gold is used in jewellery and industry and is also held as a reserve and investment asset. It does not produce interest or company earnings by itself. Its price reflects willingness to hold the metal compared with other choices, alongside available supply.
This page follows the COMEX GC futures series in USD per troy ounce. A troy ounce is approximately 31.1 grams. The quote is not a direct price per gram or the final retail price of a particular bar.
Rates, the dollar and reserve demand
Changes in returns available on other assets after expected inflation affect the opportunity cost of holding gold. Dollar movements also matter to buyers using other currencies. Neither relationship is a fixed rule that explains every trading day.
Central banks, investment products and jewellery demand can alter buying. Mining and recycling usually respond more slowly than orders in a liquid market.
Futures and physical gold
A continuous futures chart can jump when it switches delivery contracts. Physical products also include manufacturing, distribution, dealer margins and currency conversion. Silver has stronger industrial links and Bitcoin a different digital-asset model. Gold chart volume counts futures contracts, not ounces of production.
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