Economist/Business Person

Your task is to find out about the value of gold in today's economy.

Use the following Internet sites to find answers to the following questions.

Kitco  Lists gold prices on various markets, both current and historical.

World Gold Council

The Gold Institute

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1. The price of gold is often described in U.S.$ per ounce. What is today's price of gold on the London market? What was the price one year ago today? Write this in your journal.

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2. Show the gold prices for the last 10 days (indicating which days). What is the average price? Has the price gone up or down? Make a graph to show your results. (Optional, depending on math skills. Check with your teacher)

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3. What countries are the chief producers of gold? Where does the U.S. rank among gold producers? (This answer may vary depending on the sources used.)  Write the answers in your journal.

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4. List some ways that gold is used in industry and technology.

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