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Dataset assetOpen Source CommunityFinancial DataGold Prices
gold-prices
Monthly gold price data since 1950, denominated in US dollars (London market). The data originates from the German Bundesbank.
Source
github
Created
Mar 15, 2012
Updated
Mar 15, 2024
Signals
750 views
Availability
Linked source ready
Overview
Dataset description and usage context
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.pyscript
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.
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