The best way to keep track of the gold price is by using a gold price chart. The gold price chart shows the average US gold price in pounds (oz.) You can also select a specific time frame and range if you like.
If you are entering the market for the first time, it is advisable to view the numerous timeframes on the same charts. This helps in learning how the prices have changed over time. The price of gold is largely influenced by economic factors such as Federal Reserve interest rates, inflation, and other economic indicators. Most of these timeframes last for a month or less and therefore are not the most useful in determining how the price of a unit of gold will change. To obtain more information and detail about the current prices in ounces, you can check out the data charts.