J. Strauss father and son 1999 | 500 ATS | gold coin

The gold price is created by gold trading on various global marketplaces and is influenced by supply, demand and speculation. But how is the price of gold actually determined in practice?

About a year ago, we reported on the efforts of individual euro countries to abolish the small cent coins - and we explained why the big cash abolition will most likely start on a small scale.

The price of gold reached a new historic high today, exceeding the USD 3,000 per troy ounce mark for the first time.

The gold price rally recently took a short breather. However, the ongoing political events continue to support the gold price in the medium and long term.

Fort Knox, located in the US state of Kentucky, is one of the most famous gold storage facilities in the world - and one of the most popular subjects for conspiracy theories. US President Donald Trump and his ally Elon Musk have just brought up the idea of a review of the US state gold reserves - and the suggestion of a live stream from the gold storage facility is making headlines.

Even in times of crisis, gold remains a safe store of value and protects against inflation and financial expropriation. There are also sound examples of this from the recent past.

Right at the start of the year, the price of gold picked up where it left off in 2024. The short-term influencing factors have changed, but the motives for the flight into gold remain the same.