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Live Spot – There are no standards for reporting the current price of gold. The live spot gold price on most sites is obtained from feed providers that compile quotes from different contributors. The contributors are generally big bullion banks that report their current bid and ask in the spot market. Since different gold price quotes are obtained, the price feed services apply an algorithm to produce a live gold price quote.
Abbreviated as BTC, Bitcoin is actively traded against the world's major currencies across decentralized markets. Bitcoins are kept in so-called Bitcoin wallets, which depend on private keys and cryptography to secure its Bitcoins to a specific entity or user.
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This gold price chart provides you with spot gold price data - or information about the current price of gold - to help you make informed trading decisions. Its name, XAU/USD, comes from ‘X’, shorthand for ‘index’ (as gold is traded on indices), ’AU‘, the official designation for gold on the Periodic Table of Elements, and ’USD‘, the symbol for the US dollar (the currency in which gold prices are quoted).
Since 1995, publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!
For this reason, a group of large oil-producing nations formed the Organisation for Petroleum Exporting Countries (OPEC) in 1960. This body sets production quotas for its members, with the aim of reducing competition and keeping prices at profitable levels. Prices are likely to fall if global oil production is increased – for example by OPEC, an independent country or other collaboration – and rise if output is reduced (assuming demand is static). Anything that could affect a country’s ability to supply oil – for example a reduced production quota, war, terrorist attack or natural disaster – is therefore capable of having an effect on prices. START EARNING NOW
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