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 0.001 925.244
Hungarian Forint 0.000 344068.880
Indian Rupee 0.000 86763.254
Chinese Yuan Renminbi 0.000 8359.153
Russian Ruble 0.000 81769.681
Brazilian Real 0.000 4574.770
Danish Krone 0.000 7945.958
Chilean Peso 0.000 828844.229
Czech Koruna 0.000 27644.188
Euro 0.001 1064.942
Indonesian Rupiah 0.000 17758817.419
South Korean Won 0.000 1365734.035
Japanese Yen 0.000 136990.359
Mexican Peso 0.000 24673.014
Norwegian Krone 0.000 10212.738
Pakistani Rupee 0.000 161666.659
Polish Zloty 0.000 4574.081
Singapore Dollar 0.001 1660.677
Swedish Krona 0.000 10887.068
US Dollar 0.001 1202.889
South African Rand 0.000 17355.225
Australian Dollar 0.001 1666.694
Canadian Dollar 0.001 1592.569
Swiss Franc 0.001 1211.157
Malaysian Ringgit 0.000 5044.992
New Zealand Dollar 0.001 1772.294
Thai Baht 0.000 39562.322
Hong Kong Dollar 0.000 9421.967
Philippine Peso 0.000 63896.616
Turkish Lira 0.000 6594.504
Taiwan New Dollar 0.000 37203.380

Gold Ounce news

Eastmain Drills 2.35 g/t Gold over 87 metres and 1.46 g/t Gold over 78.5 metres on Newly Discovered Percival Prospect at the Clearwater Property

TORONTO, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Eastmain Resources Inc. (“Eastmain” or the “Company” - TSX:ER, OTCQX:EANRF) announces the discovery of a new gold mineralized zone at the Percival Prospect on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The Percival Prospect is located 14 km ESE of the Company’s million-ounce Eau Claire gold deposit and represents a new and distinct style of mineralization on the property. Drilling on Percival was conducted as part of Eastmain’s 2018 growth-focused exploration program.

imperative neutral
Buy Gold Futures or Pick a Gold Mining Stock

Investors should allocate 10% of their stock market assets to gold mining stocks such as Barrick Gold, Yamana Gold, Goldcorp and Newmont Mining.

indicative negative
Gold: Back Below Its 50-Day Moving Average

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!

indicative neutral
Ariana Resources Reports Flat Quarterly Revenue As Gold Price Falls

LONDON (Alliance News) - Ariana Resources PLC on Monday said its precious metal production and ...

conditional positive
Kinross Gold Corporation (KGC) Q3 2018 Earnings Conference Call Transcript --
Kinross Gold Corporation (KGC) Q3 2018 Earnings Conference Call Transcript --

KGC earnings call for the period ending September 30, 2018.

conditional positive
Gold falls to one-month low on stronger dollar

Gold slid to its lowest level in a month on Monday as the dollar rose to 16-month highs, boosted by the Federal Reserve's hawkish interest rate policy and political uncertainty in Europe.

indicative neutral
PRECIOUS-Gold falls to one-month low as dollar rises
PRECIOUS-Gold falls to one-month low as dollar rises

*Silver falls to two-month low. *Main support lies at $1,200 for gold-analyst. Nov 12- Gold slid to its lowest level in a monthon Monday as the.

indicative neutral

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