Know More About Gold Prices

11 Mei 2010
You are not alone if currently you are stumbling upon through the internet to find out the most updated gold prices. The price of gold is often fluctuated and can't be predicted as easy as stock prices. The gold price is always high because of its nature as a noble metal.

Currently, the spot gold price is being fixed in United States dollars, euros, and British pounds by a group of 5 banks in London, they are Scotia-Mocatta, Barclays Capital, Deutsche Bank of Germany, HSBC and Societe Generale of France.

Currently, the fixing of the gold spot is done twice a day, mainly by telephone. The development of technology even permitted some gold traders to do their trades online, so they can trade it virtually anywhere in the world.

You may visit their website for more information.

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