Commodities
Gold price chart
Gold is a precious metal held as an investment, a reserve asset and an industrial and jewellery material. The chart above tracks its US dollar price per troy ounce.
The chart displays a CFD (contract for difference) quote that tracks the international spot gold market. It is a derivative product designed to follow the underlying price, not a position in physical bullion or an exchange-listed futures contract.
Gold chart
TVC:GOLDCFD on gold (US$ per troy ounce).
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At a glance
| Full name | Gold (spot) |
|---|---|
| Common ticker | XAU/USD |
| TradingView symbol | TVC:GOLD |
| Instrument type shown | CFD on spot gold |
| Underlying market / benchmark | LBMA Gold Price, set twice daily by ICE Benchmark Administration on behalf of the London Bullion Market Association |
| Quotation unit | US dollars per troy ounce |
| Market schedule | Trades close to 24 hours a day, five days a week, with a short daily settlement break; the LBMA benchmark auctions occur at 10:30 and 15:00 London time |
| Spot vs futures vs CFD | The CFD tracks the spot (over-the-counter) gold price, distinct from COMEX gold futures, which trade in fixed contract months |
| Contract month / rollover | Not applicable to this spot-tracking CFD; COMEX futures charts would show periodic rollover between contract months |
| Data delay | Real-time streaming price from the data provider; not an official LBMA fixing print |
What is Gold?
Gold is mined worldwide, with major producing countries including China, Russia, Australia and Canada, and is refined into bars and coins meeting international purity standards. Above-ground stocks (central bank reserves, jewellery, bars and coins, and industrial use) vastly exceed annual mine output, which is one reason gold behaves differently from commodities that are consumed and replenished each year.
The most widely referenced benchmark is the LBMA Gold Price, an electronic auction run twice a day in London in which participating banks and trading firms submit buy and sell interest until a clearing price is found. Most spot and CFD gold quotes, including the one shown here, track this same underlying market continuously between auctions.
How to read this chart
A rising chart means the US dollar price of gold is increasing, which can reflect falling real (inflation-adjusted) interest rates, dollar weakness, safe-haven demand, or central bank and investor buying. A falling chart implies the opposite.
Because this is a CFD rather than an exchange futures contract, the price should track spot gold closely but can show small differences from COMEX futures prices, which embed the cost of carrying gold to a future delivery date (storage and financing costs, offset by any convenience yield). Futures-based charts also show periodic gaps or adjustments at contract rollover; a spot CFD series does not.
Gold is quoted in US dollars per troy ounce (31.1035 grams), a unit specific to precious metals and different from the avoirdupois ounce used for most other goods.
What moves it?
- Real yields
- Gold pays no interest, so it tends to become more attractive to hold when inflation-adjusted government bond yields fall, and less attractive when real yields rise.
- US dollar strength
- Gold is priced in dollars internationally, so a stronger dollar makes gold more expensive for buyers using other currencies, and vice versa, all else equal.
- Central bank buying
- Central banks, particularly in emerging markets, hold and periodically add to gold reserves as part of diversifying away from a single reserve currency; large or sustained purchases can support demand.
- ETF and investment flows
- Gold-backed exchange-traded funds hold physical bullion on behalf of investors; sustained inflows or outflows from these funds are a visible proxy for investor sentiment toward gold.
- Jewellery and retail demand
- India and China are the largest consumer markets for gold jewellery; demand there is seasonal and sensitive to the local price and to festivals and wedding seasons.
Why businesses and investors monitor it
Businesses that produce, refine, or trade gold and gold-containing products track this price to cost inventory, set hedging strategies and price forward contracts.
Because gold often moves inversely with real interest rates and the dollar, treasurers and investment committees also monitor it as one gauge of broader macro sentiment, without treating it as a standalone trading signal.
Gold vs silver
Gold and silver both trade as precious metals with monetary and investment demand, but silver has a far larger industrial component (electronics, solar panels) relative to its market size, which makes it more sensitive to swings in manufacturing demand.
This also makes silver notably more volatile than gold: the gold-to-silver ratio (how many ounces of silver one ounce of gold buys) is a commonly cited, if imperfect, gauge of relative value between the two metals.
Frequently asked questions
Is this the same price as the LBMA gold fixing?
No. The chart shows a continuously updated CFD price tracking spot gold, while the LBMA Gold Price is a specific auction-derived benchmark published twice daily.
Why is gold priced in troy ounces?
Troy ounces are the traditional unit for precious metals and are slightly heavier than the standard avoirdupois ounce used for most other goods.
Does a CFD give me ownership of physical gold?
No. A CFD is a derivative contract that pays or charges the difference in price over time; it does not confer ownership of, or a claim on, physical bullion.
Why can gold and gold futures prices differ slightly?
Futures prices embed the cost of storing and financing gold to a future delivery date; small differences from spot are normal and vary with interest rates and the time to delivery.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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