Gold

Rate

At this moment, the price of Gold is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Gold has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.

History

It underpinned the international monetary system until the Bretton Woods arrangement ended in 1971, and central banks have never stopped holding it.

Technology

Supply grows slowly and predictably through mining; demand splits between investment, central-bank reserves and jewellery. Nothing about it produces income.

Use cases

Gold usually strengthens when real interest rates fall, when the dollar weakens, or when investors want a store of value outside the financial system.

Forecast

Walbi does not publish price targets. What can be said is what moves this instrument: gold usually strengthens when real interest rates fall, when the dollar weakens, or when investors want a store of value outside the financial system. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.