gold-prices

Dataset Overview

Name: Gold Price Dataset

Time span: 1950 to present

Currency unit: US dollars

Market: London market

Data source: German Bundesbank (Bundesbank)

Data Preparation

• Required software: Python 3.6 or higher
• Required libraries: dataflows
• Update data: Run the gold_price_flow.py script

Data Calculation Methods

• January 1950 – March 21, 1954: Calculated using the Bank of England's gold purchase price and average exchange rates.
• March 22, 1954 – December 1959: Calculated using the standard gold bar fixed price provided by Metallgesellschaft AG and average exchange rates.
• January 1960 – March 14, 1968: Calculated using the average fixed price of the standard gold bar specified in the Bank of England's quarterly bulletins.
• March 15, 1968: Fixed price paused; the gold market split into official and free markets.
• March 18–29, 1968: Gold trading suspended.
• Daily price sources:
  • April 1968 – March 1974: Financial Times (FT)
  • April 1974 – December 1980: Samuel Montagu & Co. Ltd.
  • January 1981 – December 2005: Financial Times (FT)
  • January 2006 to present: Reuters

Automated Updates

• Update frequency: Monthly
• Update platform: datahub.io

License

• License type: Public Domain Dedication and License
• Data restrictions: No obvious restrictions; database rights are uncertain.