In a still uncertain global economic context, the value of gold remains a preferred haven for investors. This Tuesday, July 23, 2024, the price of gold remains at a high level. The precious yellow relic, often seen as a safe haven during a crisis, continues to generate a lot of interest in the financial markets.
Analysis of the price of gold on July 23, 2024
The Gold prices today shows the value 2,204.95 euros per ounce, or thereabouts 70.90 euros per gram. When these values ​​are converted to US currency, an ounce of gold is valued at US$2,398.10which amounts to a price per gram of gold with 77.11 USD. Although subject to market volatility, the price of gold shows some stability compared to short-term trends.
Investing in Gold: A Double-edged Strategy
Despite its reputation as a safe haven, investing in gold is not without risk. Fluctuations Gold prices can affect the long-term returns of the portfolios. Therefore, it is important for investors to consider both technical and macroeconomic factors before making an investment in this precious metal.
Gold price summary table
Below, find a table with a detailed description the value of gold in euros and dollars for one ounce, one gram, 10 grams and one kilogram:
| Quantity | Price in Euro (EUR) | Price in dollars (USD) |
|---|---|---|
| 1 time | 2,204.95 | 2,398.10 |
| 1 gram | 70,90 | 77.11 |
| 10 grams | 709.00 | 771.10 |
| 1 kilogram | 70,900.00 | 77,110.00 |