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

Jobless Claims Come in Above Expectations, Gold Price Ticks Downward

The number of Americans applying for unemployment insurance rose to 1.427 million in the week ended June 27, higher than the expected figure of 1 million. Claims have remained above 1 million for 15 weeks in a row. Last week’s figures mark the first time claims have risen beyond expectations since the peak in March.

Key Takeaways

  • Jobless claims came in at 1.427 million vs. 1.48 million the week before and 1.38 million expected.
  • A new wave of COVID-19 cases, likely the result of premature reopening procedures, has caused many businesses to shut down once again as a safety measure.
  • The US reported 50,000 new COVID-19 cases on Wednesday, a new single-day record.

Jobless claims are falling slower than expected, likely as a result of the efforts to reopen vast portions of the economy while the pandemic was still untamed. Continuing claims, which denotes people receiving benefits after an initial week of aid, rose around 59,000 to to 19.29 million. Claims in Indiana rose by 34,033, while claims in Virginia and Washington rose 7,769 and 8,110. Claims in Oklahoma fell 41,000 last week. The number of people receiving Pandemic Unemployment Assistance (PUA), aimed to help people previously ineligible for aid such as contractors, came to 839,563 vs. 881,242 the week before.

The Bureau of Labor Statistics released the June jobs report earlier today, revealing that the unemployment rate is down to an estimated 11.1% with 4.8 million new jobs in June compared to just 2.9 million expected. It’s worth noting that the report covered the period directly preceding the new wave of COVID-19 cases now sweeping the US.

Areas like Texas, California, and Florida, which were among the earliest to reopen, are now having to freeze or roll back their reopening measures. Some of the people filing for claims in those areas are losing their jobs for the second time in the last few months as the nation continues to struggle to suppress the pandemic.

Expert Outlook

Morgan Stanley wrote “Data on jobless claims remains noisy at this point due to processing lags, but the fact that cumulative jobless claims over recent weeks are implying a considerably higher level of continuing claims, compared with reported continuing claims data that has been broadly flat over the past four weeks, suggests a high level of churn in the labor market continued through June.”

Bank of America wrote a note saying “The stubbornly high [jobless claims] numbers suggest the job market is still under pressure. We expect nonfarm payroll growth to accelerate modestly to 2.8mn in June, following the 2.5mn gain in May. Sending a message of caution are jobless claims and small business surveys which suggest NFP could be at or below May's pace.”

Market Reaction

Gold prices have ticked downward in today’s session, perhaps a natural pullback from the 8.5-year high seen earlier this week. Spot gold last traded at $1,768.99/oz, down -0.09% with a high of $1,774.22/oz and a low of $1,758.84/oz. Gold prices are likely reacting to the ongoing wave of new coronavirus cases sweeping the US and causing more businesses to close their doors, creating risk-averse sentiment in the markets.