Gold Ounce

Gold Ounce

Gold Ounce overview

Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of nitric acid and hydrochloric acid, which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic objects, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 186,700 tonnes of gold exists above ground, as of 2015. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. As of 2016, the world's largest gold producer by far was China with 450 tonnes per year.

1 XAU to USD exchange rates chart

XAU to  exchange rates chart

Gold Ounce exchange rates table

Exchange Gold Ounce Buy XAU Rate Sell XAU Rate
British Pound 0.001 1009.256
Hungarian Forint 0.000 359798.138
Indian Rupee 0.000 90646.188
Chinese Yuan Renminbi 0.000 8731.949
Russian Ruble 0.000 86030.045
Brazilian Real 0.000 4773.278
Danish Krone 0.000 8351.271
Chilean Peso 0.000 869418.297
Czech Koruna 0.000 28614.659
Euro 0.001 1118.767
Indonesian Rupiah 0.000 18105280.635
South Korean Won 0.000 1437767.977
Japanese Yen 0.000 139547.383
Mexican Peso 0.000 24625.613
Norwegian Krone 0.000 10907.533
Pakistani Rupee 0.000 179466.184
Polish Zloty 0.000 4804.750
Singapore Dollar 0.001 1739.752
Swedish Krona 0.000 11455.438
US Dollar 0.001 1286.422
South African Rand 0.000 17823.019
Australian Dollar 0.001 1790.533
Canadian Dollar 0.001 1702.874
Swiss Franc 0.001 1266.692
Malaysian Ringgit 0.000 5265.662
New Zealand Dollar 0.001 1897.392
Thai Baht 0.000 41068.363
Hong Kong Dollar 0.000 10084.008
Philippine Peso 0.000 67220.039
Turkish Lira 0.000 6975.264
Taiwan New Dollar 0.000 39611.767

Gold Ounce news

Gold Holds Steady Near $1,300/oz As Geopolitical Risks Including Brexit Loom Large

Since 1995, news.GoldSeek.com 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!

about 19 hours conditional positive
Turbulence and Brexit Make Safer Options Like Gold and Cash Essential

Since 1995, news.GoldSeek.com 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!

2 days imperative neutral
SWOT Analysis: 10 Straight Days of Gold ETF Inflows

Since 1995, news.GoldSeek.com 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!

3 days indicative positive
Gold SWOT Analysis: Momentum Is Building

Since 1995, news.GoldSeek.com 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!

10 days indicative neutral
Market Volatility Skyrocketing, Trump and Pelosi Spar

Since 1995, news.GoldSeek.com 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!

13 days indicative negative

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