Gold Futures Chart and Indexes
Gold trading chart
05 Nov 2024 10:23
(0.00%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last 52 weeks
Price range low in the last 52 weeks
Top 10 countries with largest gold reserves
If you want to trade gold and reap a profit, you should be aware of the volume of gold reserves in different countries. The gold price can change dramatically if the authorities of any state have started piling up gold or selling it.
However, the main driver for gold prices is a change in the volume of gold reserves in countries that hoarded the most significant amount of this shiny metal. Read about the countries with the largest gold reserves:
1. US
As of the end of 2022, the US gold reserves amounted to 8,133 tons. Notably, gold makes up almost 80% of the country's foreign reserves.
2. Germany
According to the latest estimates, Germany's gold reserves stand at 3,355 tons. Gold accounts for almost 75% of the country's total foreign reserves.
3. Italy
As of December 2022, Italy's gold reserves were estimated at 2,452 tons. Gold made up almost 70% of the country's total foreign reserves.
4. France
Reportedly, the Bank of France currently has 2,437 tons of gold in its possession. The precious metal takes 64.5% of the country’s foreign reserves.
5. Russia
In late 2022, Russia\’s gold reserves were estimated at 2,299 tons. However, gold amounted to only 22% of the total volume of the country's foreign reserves.
6. China
Although China is the world's largest gold miner, only 3.3% of its foreign reserves account for gold. Thus, it has 1,948 tons of gold.
7. Switzerland
According to the latest data, 1,040 tons of gold are stored in the vaults of the Swiss National Bank today. Gold makes up approximately 5.4% of the total gold and foreign exchange reserves of the country.
8. Japan
The Bank of Japan holds 846 tons of gold in its reserves. However, gold accounts for only 3% of the country's total gold and foreign exchange reserves.
9. India
Since 2017, India has started de-dollarization and has begun actively stocking up with gold. Over time, its gold reserves have grown by 36%. Nowadays, they amount to 769 tons. This is 6.5% of the total volume of all gold and foreign exchange reserves of the country.
10. The Netherlands
As of the end of 2022, the gold reserves of the Netherlands were estimated at 612 tons. Gold accounts for more than 67% of the total foreign reserves of the county.
Instaforex News
-
Grand Choice
Contest by
InstaForexInstaForex always strives to help you
fulfill your biggest dreams.JOIN CONTEST -
Chancy DepositDeposit your account with $3,000 and get $5000 more!
In November we raffle $5000 within the Chancy Deposit campaign!
Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.JOIN CONTEST -
Trade Wise, Win DeviceTop up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.JOIN CONTEST
InstaForex - proud sponsor of sporting teams:
Videos from Instaforex
InstaWiki - Labor Market
The basics of fundamental analysis are a must for every trader. This type of analysis enables a trader to forecast further dynamics of currency pairs, thus contributing to successful trading. Fundamental analysts view a labor market as a good barometer to judge whether a currency of that country is attractive enough for investments.
InstaWiki - Crude oil
First and foremost, you should clearly understand what you are going to work with when picking a trading instrument. In this InstaWiki release, we will present a detailed analysis of oil as one of the trading instruments.
InstaWiki - Cryptocurrency
A few years ago, we got to know a new type of money, the cryptocurrency called bitcoin. Today, it is widely used for online shopping and even accepted for payments in some restaurants. What is more, bitcoin can bring you profit. Learn more about this from InstaWiki video.
InstaWiki - Inflation, Consumer Price Index, and Purchasing Power Parity
How do these concepts influence currency exchange rates? Why do central banks give inflation data high priority? You will find out about it from the next series of the video encyclopedia by InstaForex.
InstaWiki – Safe-haven currencies
A successful investor never panics. In times of geopolitical instability, natural disasters, and uncertainty about the future, traders seek shelter in safe-haven currencies.
InstaWiki – Carry trade. Swap
Carry trade and swap are ones of the most popular Forex terms. You will find a step-by-step guide on loss-free carry trading in this release of video encyclopedia from InstaForex.
InstaWiki – Fundamental analysis
What is the basis of fundamental analysis and should a trader pay attention to macroeconomic statistics? Make sure you are up-to-date with InstaWiki releases, the new format of information videos from InstaForex.
InstaWiki - Stock quote, chart. Technical analysis
What are Japanese candlesticks and how are the prices of currency pairs formed? Explanation for key Forex terms is provided in another video of InstaForex TV encyclopedia.