Why The Value of Gold Changes

2 years, 9 months ago Comments Off
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If you’re interested in getting cash 4 gold, Phoenix residents, Forever Diamonds is the place for you! Many people will stress about getting the best value for their gold pieces. We want you to feel comfortable with your decision when you sell your gold, and we’ll give you the necessary time after a quote to do so.

You may be wondering why the price of gold differs so much from day to day. Trading on both physical gold and gold derivatives is what accounts for this change. The price of gold is set by the Gold Fixing, or the Gold Fix or London Gold Fixing. The fix happens twice daily, at 10 am and 3 pm. The Gold Fixing is recognized as the standard used all over the world to price gold and gold products. The fix reports the price of gold in U.S. dollars, Sterling, and Euros.

You will want to pay attention to the changes in the price of gold when you go to sell your gold, so you get the best price for your pieces. Our friendly and helpful team members can explain the process of selling your gold and how the price will be determined. Stop by to see us today!

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