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

US Consumer Sentiment Hits 7-Month Low, Gold Price Falls

Gold prices saw a brief recovery before dipping further following the release of a consumer sentiment report from the University of Michigan. The report indicates that consumer sentiment hit a 7-month low in August amid growing concerns surrounding the trade conflict between the US and China.

Key Takeaways

  • Consumer sentiment dropped to 92.1 in August from 98.4 in July, well below the 97.2 expected.
  • Current conditions and expectations both saw similar drops in among respondents.
  • Sentiment has been impacted by volatility in the financial markets, a global economic slowdown, and escalating trade tensions with China.

The latest report reveals the second-lowest confidence reading of Donald Trump’s presidency, with

consumers voicing concerns about current and future conditions. While the labor market’s strong

performance has continued to offset the weak activity seen in struggling industries like

manufacturing and housing, consumer spending accounts for around 68% of the US economy, and

personal consumption was the largest driver of Q2 expansion. Any weakness seen in sentiment

should be considered as a possible indicator of future activity.

The overall consumer sentiment index released by the University of Michigan dropped to 92.1 from

98.4. Current conditions fell to 107.4, and expectations dropped to 82.3. The results may impact

President Trump’s 2020 election chances, with sentiment by political party confidence for

Republicans dropping to the lowest level of Trump’s term. Confidence for independents dropped,

while improving for Democrats.

Cause For Concern

Proposed tariff increases on Chinese goods were a particular point of contention among respondents, cited spontaneously by 33% of those surveyed. The rate cut introduced by the Federal Reserve last month, the first in a decade, has also fostered a cautious mindset among consumers and highlighted the real possibility of an impending recession.

The survey was carried out between July 31 – August 14, a volatile period including the rate cut, escalations in tariffs on Chinese goods, further signs of a global economic slowdown, and major negative movements in the financial markets. The stock markets saw the two sharpest drops of 2019, yields on 30-year Treasury bonds hit record lows, and 10-year bond yields fell below those of 2-year bonds, a recessionary indicator.

Consumer expectations for inflation rose from 2.6% to 2.7% for the coming year, and from 2.5% to 2.6% for the next five years. A measure of buying conditions dropped to the lowest level since 2015, and expectations for personal finances fell after previously hitting the highest level since 2003.

Expert Outlook

“The main takeaway for consumers from the first cut in interest rates in a decade was to increase apprehensions about a possible recession,” Richard Curtin, director of the University of Michigan consumer survey, said in a statement. “Consumers concluded, following the Fed’s lead, that they may need to adopt a precautionary spending outlook in anticipation of a potential recession.”

Market Reaction

Gold prices saw a brief uptick following the report before sliding further toward daily lows. Spot gold last traded at $1,507.20/oz, down 0.82% with a high of $1,527.22/oz and a low of $1,505.30/oz. Risk appetite may be waning due to the recovery seen in the stock markets, and it remains to be seen whether gold will remain above the crucial psychological support line at $1,500.