As we all know, the relationship between gold and the U.S. dollar is very close. Basically, the factors that can affect the trend of the U.S. dollar will interfere with the price of gold. This is mainly because gold itself is priced in U.S. dollars. In most cases, the two will show an inverse relationship. Of course, there are exceptions. For example, the risk aversion has heated up, which has caused the simultaneous rise of both parties. So, how much is an ounce of gold in dollars in terms of gold prices?
How to calculate gold price and dollar
As for how many dollars an ounce of gold is equal to, in fact, you only need to directly observe the quotations in the international market, and there is no need to convert between the two. For example, the price of gold we see now is about $1,860 per ounce, which means that 1 ounce is currently Gold is equal to $1860. However, in the process of profit calculation, you may need to pay extra attention, because this also involves the issue of lot size and spread, because one lot is equal to 100 ounces, which means that trading one lot of gold requires $1,860,000. Of course, if it is a spot For gold, you only need a deposit of $1,000, so investors need to master these relevant trading rules in the Gold Academy column of the high-quality platform.
The price of different platforms will be different
Although the gold price in the international market is the same, the quotations of different trading platforms will be slightly different. This is because on the one hand, the servers used by the platforms are different, so there will be errors in the quotation time. It is because the spreads of different platforms are different, which will lead to differences in the price presentation. For example, the spread of platform A is $0.5/oz, so its bid price may be $1860.5/oz, and the spread of platform B’s micro-spread account is $0.15/oz, then its bid price may only be $1860.15/oz Oz, although the gap is not large, it still has a certain impact on earnings for a long time.
It is easy to understand how many dollars an ounce of gold is equal to, but you need to understand how to calculate profit. Generally, you only need to observe the quotations in the international market. Because there is a direct connection between the two, there is no need to convert them. However, due to the differences in quotations between different platforms, you still have to pay careful attention during the transaction process, especially in the calculation of yield.