How is Gold price per ounce determined?

Many factors influence the spot price of Gold. Gold prices change every few seconds and there are an unlimited number of components that play a role in the price of Gold. Some of the reasons for changes in Gold prices include:

• Current events
• Market speculation
• Currency values
• Supply and demand
• Buying power

Large entities and governments typically have substantial buying power and can impact the price of Gold per ounce and the Gold market. If a government makes a large Gold purchase, their demand for the product could affect Gold markets immediately. Supply and demand determines prices for commodities and the price of Gold is no exception. For investors who buy and sell Gold regularly, staying current with fluctuations in the market is crucial to financial success.

credit to / info from http://www.apmex.com/spotprices/gold-price