GoldPrice

.

WHERE THE WORLD CHECKS THE GOLD PRICE

Calculators

Current Gold Holdings

$

Future Gold Price

Current Silver Holdings

$

Future Silver Price

Save the values of the calculator to a cookie on your computer.

Note: Please wait 60 seconds for updates to the calculators to apply.

Display the values of the calculator in page header for quick reference.

The Holdings Calculator permits you to calculate the current value of your gold and silver.

  • Enter a number Amount in the left text field.
  • Select Ounce, Gram or Kilogram for the weight.
  • Select a Currency. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. If you wish to select a currency other than USD for the Silver holdings calculator.

The current price per unit of weight and currency will be displayed on the right. The Current Value for the amount entered is shown.

Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen.

The Current and Future Gain/Loss will be calculated.

Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated.

The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator.

If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator.

Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator.

When you return to goldprice.org the cookie will be retrieved from your machine and the values placed into the calculator.

A range of other useful gold and silver calculators can be found on our Calculators page

Gold Price Calculators

Initial Jobless Claims Beat Expectations, Gold Prices Sink

The number of Americans applying for unemployment benefits fell below expectations last week with 214,000 applications vs. 220,000 expected. The rate of unemployment has remained flat at 3.5%, indicating ongoing strength in the labor market. However, while the market is capable of fuelling strong consumer spending, hiring may be slowing down.

Key Takeaways

  • Initial jobless claims for the week ended January 4 came in at 214,000, down 9,000 and lower than the 220,000 expected.
  • Claims have fallen for four weeks in a row, and the peak of 252,000 seen in early December may have been due to seasonal volatility around an unusually early Thanksgiving holiday.

The four-week average of initial claims, which irons out weekly volatility, dipped 9,5000 to 224,000 last week. The number of people receiving benefits after an initial week of aid rose 75,000 to 1.80 million for the week ended December 28, the largest increase since late 2015. The four-week average of these claims rose 33,000 to 1.74 million. Claims for Puerto Rico were estimated.

The labor market is still reportedly in good shape despite the ongoing trade war with China, now in its 18th month, which has impacted manufacturing and business investment. While a tentative trade agreement has been reached, the details of how both nations will deescalate the conflict are still unclear.

The nonfarm payrolls report due for release from the government on Friday is estimated to reveal 160,000 jobs added to the labor market, a major drop from the 266,000 added in November. However, a report released in Wednesday indicated that private sector job growth outperformed expectations with 202,000 new jobs vs. 150,000 expected, along with upward revisions for November. Job growth is still hitting well above the recommended minimum of 100,000 required to keep pace with growth in the working age population.

Labor Slowdown

The rate of unemployment is estimated to be unchanged at the 50-year low of 3.5%. However, in August, estimates of job growth were revised downward by 501,000 positions for the year through March, the largest downward miss in ten years of estimates. Job growth appears to have averaged at 170,000 rather than 210,000 – revised data will be published on February 7.

The Federal Reserve recently commented in a December meeting stating that policymakers “generally expected sustained expansion of economic activity, strong labor market conditions,” although some of them took the view that the labor market is gradually losing momentum.

Market Reaction

Gold prices have corrected from recent 7-year highs earlier in the week, sinking back below $1,600. Spot gold last traded at $1,550.82/oz, down -1.33% with a high of $1,561.34/oz and a low of $1,541.24/oz. Gold peaked following geopolitical tensions between the US and Iran, causing many investors to look to gold as a safe haven asset. However, as the threat of war appears to be less potent in recent days, the market has seen increased risk appetite, leading to a slight pullback in the precious metals markets.