As of 2015, The London Gold Market Fixing Ltd. sets the current price of gold. This is a twice daily occurrence, except for Christmas Eve and New Year's Eve, when it occurs in the morning only. More » World View Social Sciences Economics

The current price of gold can be found in the commodities sections of CNN Money, Reuters, the Financial Times and the Wall Street Journal. Prices are typically listed in troy ounces. More »

The investment information company, Casey Research, gives the price of one troy ounce of gold as well as the change in price by the minute on its website. Other companies that provide the price of gold are J. M. Bullion ... More » Hobbies & Games Collecting Coins & Currency

The quantity of a particular good supplied in a market increases as price goes up because suppliers have an increased interest in producing goods to generate higher amounts of revenue. This is a basic principle of the la... More »

The income and substitution effects are microeconomic concepts that explain how consumers respond to changes in price and income. The income effect relates to increases in income or decreases in price, while the substitu... More »

According to resources on the Pierce College website, the price or market system creates advantages of economic freedom. It also lowers costs. The disadvantages include instability, monopolistic control and income inequa... More »

Major crude oil price peaks have occurred in January of 1974, May of 1980, October of 1990 and July of 2008. Most of these peaks were tied to geopolitical events that severely restricted the actual or anticipated future ... More » World View Social Sciences Economics