From the time of the Egyptian Pharaohs to the voyage of Columbus to the New World and beyond, gold has been revered as a symbol of wealth and prosperity. Gold has also been used as currency and as a way to prop up the fiat money of various countries. One of the most significant moves to gold- and silver-backed currency occurred in , which was the year that the U. One-hundred and seventy-nine years later, in , the U.

GRUB Stock Price - GrubHub Inc. Stock Quote (U.S.: NYSE) - MarketWatch

This fundamental economic shift had a tremendous impact on the price of gold around the globe. Find some golden opportunities by investing in gold commodities or futures contracts, in The Midas Touch For Gold Investors. Currently, gold is used as an investment, in computers and in jewelry. China, South Africa, the U. Understanding Gold Contracts Like every commodity , gold has its own ticker symbol, contract value and margin requirements. To successfully trade a commodity, you must be aware of these key components and understand how to use them to calculate your potential profits and loss.

For instance, if you buy or sell a gold futures contract, you will see a ticker tape handle that looks like this:. Depending on the quoted price, the value of a commodities contract is based on the current price of the market multiplied by the actual value of the contract itself.

Commodities are traded based on margin , and the margin changes based on market volatility and the current face value of the contract. Calculating a Change in Price Because commodity contracts are customized, every price movement has its own distinct value. Gold Exchanges The futures contract for gold is traded at the New York Mercantile Exchange NYMEX through its Commodity Exchange COMEX division via open outcry.

It is also traded electronically through the Chicago Board of Trade eCBOT , India's National Commodity and Derivatives Exchange NCDEX , Dubai Gold and Commodities Exchange DGCX , Multi Commodity Exchange MCX and Tokyo Commodity Exchange TOCOM.

Facts About Production Gold mining is a business, and like any business, hard costs are associated with extracting gold from the earth. Because the cost is so high per ounce, the belief is that all of the gold ever mined barely totals , tons, an amount that could form a single cube measuring 66 feet per side.

Sirius XM Holdings Inc. (SIRI) Stock Chart - iwysuhod.web.fc2.com

In recent years, however, the country's production has significantly dropped from a high of 1, metric tons per year to metric tons, a decline in production of more than two-thirds. A myriad of factors have influenced South Africa's reduction in gold production.

For example, mining gold ore has become more difficult, local economic problems have evolved, and more stringent controls have emerged. In , China inched ahead of South Africa, becoming the leading gold producer with a total of tons.

This asset's appeal dates back thousands of years.

Find out whether it can live up to the hype in Does It Still Pay To Invest In Gold? Factors That Influence Gold's Price The price is influenced by the following factors:. Conclusion Gold's historical significance and electrical conductivity ensures that it will be in demand for a long time to come. As an investment, gold has cyclically come into and out of favor, and has experienced some of the most extreme pricing of any of the commodity markets.

Whether gold will continue to be considered a viable inflationary hedge remains to be seen, but the simple fact that it is a rare and beautiful metal will always keep it in the news.

Ticker Symbol Lookup - iwysuhod.web.fc2.com

Dictionary Term Of The Day. A measure of what it costs an investment company to operate a mutual fund. Latest Videos PeerStreet Offers New Way to Bet on Housing New to Buying Bitcoin?

This Mistake Could Cost You Guides Stock Basics Economics Basics Options Basics Exam Prep Series 7 Exam CFA Level 1 Series 65 Exam. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. Gold By Noble DraKoln Share. By Noble Drakoln From the time of the Egyptian Pharaohs to the voyage of Columbus to the New World and beyond, gold has been revered as a symbol of wealth and prosperity.

Gold Contract Specifications Ticker Symbol Open Outcry: A list of approved refiners and assayers is available from the exchange upon request. Contract Months All months Trading Hours Open outcry trading is conducted from 8: Electronic trading is conducted via the CME Globex trading platform from 6pm Sundays through 5: Last Trading Day Trading terminates at the close of business on the third to last business day of the maturing delivery month.

Last Delivery Day The last business day of the contract month. Gold delivered against the futures contract must bear a serial number and identifying stamp of a refiner approved and listed by the exchange.

Delivery must be made from a depository licensed by the exchange. For instance, if you buy or sell a gold futures contract, you will see a ticker tape handle that looks like this: Factors That Influence Gold's Price The price is influenced by the following factors: Gold has developed widespread commercial use as a coating on electrical connectors.

It can be found on various devices, from audio and video cables to computer and component cables and connectors.

Worldwide gold production continues to underperform against worldwide demand. At the current level of production, an assumption is that in less than 45 years, our gold supply will not be able to meet the demand. The World Gold Council estimates that the total gold mined annually is approximately 2, metric tonnes. Currently, 3, metric tonnes of gold is used in the jewelry, investment and commercial industry, and it is difficult to determine where the 1,ton gold shortfall will come from.

The International Monetary Fund IMF and the Washington Agreement on Gold WAG have very strict requirements in gold sales: India is the largest worldwide consumer of gold, with an annual consumption estimated at tons a year.

Find some golden opportunities by investing in gold commodities or futures contracts. Find out whether it can live up to the hype.

Gold prices are based on the economy and actual uses, but there are many other factors that dictate gold's perceived value. Many feel that with the instability that occurred in the first decade of the 21st century, some form of the gold standard should be brought back.

Owning gold can be a store of value and a hedge against unexpected inflation. Holding physical gold, however, can be cumbersome and costly. Fortunately, there are several ways to own gold without Throughout history, gold has held its value against paper currencies. Learn how it can help offset market risks. Gold is widely considered a safe haven during market turbulence. History has proven gold performs counter cyclically to the state of the U.

Add some sparkle to your portfolio by getting in on this classic commodity. There is a strong correlation between gold's value and the strength of currencies trading on foreign exchanges.

Learn about the factors that are pushing gold demand to its second-highest level ever and where the price of gold could be heading in You may participate in both a b and a k plan. However, certain restrictions may apply to the amount you can Generally speaking, the designation of beneficiary form dictates who receives the assets from the individual retirement Discover why consultant Ted Benna created k plans after noticing the Revenue Act of could be used to set up simple, Purchase life insurance in your qualified retirement plan using pre-tax dollars.

Be aware of other ways that life insurance Content Library Articles Terms Videos Guides Slideshows FAQs Calculators Chart Advisor Stock Analysis Stock Simulator FXtrader Exam Prep Quizzer Net Worth Calculator. Work With Investopedia About Us Advertise With Us Write For Us Contact Us Careers.

Yahoo! Stock Ticker Download

Get Free Newsletters Newsletters. All Rights Reserved Terms Of Use Privacy Policy. Open outcry trading is conducted from 8: Trading terminates at the close of business on the third to last business day of the maturing delivery month. The last business day of the contract month.