gold, page-133056

From grok: "The term "default gold price" isn't a standard term in financial markets but may refer to the current spot price of gold, which is the market price at which gold can be bought or sold for immediate delivery. Based on recent data, the spot price of gold as of June 5, 2025, is approximately $3,382.58 per troy ounce in USD, as mentioned in posts on X. However, in some contexts, "default gold price" could also refer to a specific price used as a reference or benchmark in a particular system, model, or platform, such as the example from an X post where a website planned to update its "default gold price" from $4,000 to $5,000 for gold miner valuation purposes. This is not a universal standard but rather a specific assumption or setting used in that context. The spot price is the most commonly referenced gold price, determined by global markets like the COMEX in New York or the London Bullion Market Association (LBMA). It fluctuates constantly due to supply and demand, economic conditions, geopolitical events, and currency values. For instance: APMEX notes that the spot price is quoted in troy ounces and is universal, primarily in USD, but can be converted to other currencies. **promotion blocked** and BullionVault provide live gold price charts updated frequently, reflecting prices in multiple currencies (e.g., USD, GBP, EUR).


1:40 PM · Jun 6, 2025
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