When people refer to the spot price of gold, they are simply referring to the price at which you could buy gold at that time. When the strength of the dollar increases and inflation decreases, interest rates can be expected to fall at the same time as gold prices. Commodity traders, who often trade futures, are the most likely to differentiate the spot price from the price of futures, or the price guaranteed by a futures contract. The following chart shows the price of gold since 1968, with some notable events in the gold market.
Emperor Augustus, who reigned in ancient Rome from 31 BC. C. In 14 AD, he set the price of gold between 40 and 42 coins per pound. Fixed gold prices represent the compound prices reached by several commercial banks and brokerage firms in the OTC gold bullion markets.