Gold in America can be traded on both the New York Mercantile Exchange and the Chicago Mercantile Exchange. In the United States, individuals can buy gold in the form of an ETF, and as physical bullion.
US Gold Price
Gold is priced in US Dollars per troy ounce, and the currency is used as the predominate currency upon which gold is priced worldwide. The United States generally sells gold in Ounce denominations, including 1 ounce, 100 ounce and 400 ounce sizes.
The volatility of the gold price draws investors, who like to invest in gold in order to profit from the price changes of the metal. The US Gold Market is opened during American Market hours.
US Gold Production
The United States of America is the third largest produce of gold worldwide. The majority of gold bullion produced in the United States is produced in Nevada. In addition to buying gold, a number of investors also look to purchase an interest in gold mines on the stock market.
US Gold Reserves
The US Government holds the largest reserves of gold bullion in the world, with holdings of approximately 147 million ounces of the yellow metal. The United States continues to buy bullion, although the reserves have never been able to be audited publicly.
US Gold Coin Production
The United States Mint manufactures the American Eagle gold coin, the American Buffalo gold coin, and the gold St. Gauden coin. Private investors and individuals like to buy gold coins and bars produced by the US Mint. The most popular gold coin sold by the US mint is the gold American Eagle. The American Eagle gold coin is available in 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce sizes. The American Buffalo gold coin is availabile in 1 ounce. The American St. Gauden gold coin is also available in 1 ounce.
Gold 10-Year High
Gold's 10-year high of $1895 USD was reached in 2011.
Gold 10-Year Low
Gold's 10-year low of $642 USD was reached in 2017.
