3 ms·
No it isn't, Gold is valued at 1238 USD per ounce. It is also priced/valued against other major sovereign currencies like the euro, renminbi, yen, aud with eno
by zeusk 9y ago
No it isn't, Gold is valued at 1238 USD per ounce.
It is also priced/valued against other major sovereign currencies like the euro, renminbi, yen, aud with enough spread for profitable arbitrage across exchanges when trading hours overlap for Sydney, Hong Kong, Beijing, Mumbai, Frankfurt, London and New York.