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What will the LBMA Gold price be in US dollars on December 31 2020?
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility, as are other markets. Gold has historically been seen as a safe haven that investors turn to in times of geopolitical and economic instability, and a hedge against inflation.
In June 2020, amid the ongoing coronavirus pandemic, gold prices reached highs not seen since the Great Recession and associated sovereign debt crises.
The LBMA Gold price is set twice daily at 10:30 and 15:00 (GMT / BST) in an auction independently operated and administered by ICE Benchmark Administration (IBA). The price is set in US dollars per fine troy ounce.
This question asks: On 31 December 2020, what will the 10:30 AM LBMA Gold price value be, in US dollars per troy ounce?
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