Sentences with phrase «price of an ounce of gold»

For a commodity ETF like GLD, it is one tenth of the spot price of an ounce of gold.

In the first half of March alone, the cryptocurrency rose almost 5 percent, topping $ 1,250 and surpassing the price of an ounce of gold — though it's worth noting that it dropped dramatically in the days that followed (but we'll get back to that).

, topping $ 1,250 and surpassing the price of an ounce of gold — though it's worth noting that it dropped dramatically in the days that followed (but we'll get back to that).

Bitcoin had scaled to a record of nearly $ 1,300 this month, higher than the price of an ounce of gold, as investors speculated that an ETF holding the digital currency could woo more people into buying the asset.

On a large scale, these companies are pursuing what many people have been doing with computers in their basements for years: mining for a digital asset that is now trading at around 13 times the price of an ounce of gold.

The price of an ounce of gold continued to rise Wednesday morning and is now trading at its highest levels since 2014.

Specifically, the IAU issues shares that represent gold held in physical vaults, and each share trades at roughly 1 / 100th the price of an ounce of gold.

That's at the upper end of the range for such books and I note the irony that such a price is slightly over the $ 35 price of an ounce of gold that held throughout a large part of the early 20th century.

As of Thursday, the price of a single unit of the popular cryptocurrency had climbed above the price of an ounce of gold.