GOLD PRICE IN US DOLLAR — NOVEMBER 20, 2006
💱 XAU/USD · Monday, November 20, 2006
On Monday, November 20, 2006, the gold spot price was C$711.96 per troy ounce in Canadian Dollars, equivalent to US$494.10 USD per ounce or US$15.89 USD per gram. Gold fell -0.02% from the previous trading session.
Currency fluctuations between CAD and USD significantly impact the effective cost of gold for international investors. The US Dollar is the world's primary reserve currency and the standard denomination for gold on international markets. Canadian investors naturally track the USD gold price alongside CAD, as the USD/CAD exchange rate significantly impacts the effective return on gold held in Canadian Dollars. A weakening CAD against USD means gold in CAD rises even if the USD spot price remains unchanged.
PRICE COMPARISON — NOVEMBER 20, 2006
| Currency | Per Ounce | Per Gram | Per Kilogram |
|---|---|---|---|
| 🇨🇦 CAD (base) | C$711.96 | C$22.89 | C$22,890.01 |
| USD | US$494.10 | US$15.89 | US$15,885.67 |
SPOT OHLC (CAD)
| Metric | CAD | USD |
|---|---|---|
| Open | C$712.30 | US$494.34 |
| High | C$712.30 | US$494.34 |
| Low | C$712.30 | US$494.34 |
| Close | C$711.96 | US$494.10 |