Do you want to compare the LBMA Gold pm rates across different moments? You should read this article!
Gold is the most precious valuable metal in the history of metals. Many industrial activities are involved in gold uses like merchants, refiners, producers, miners, and fabricators. Since 1987 is London Bullion Market Group (LBMA) the entity that sets the prices in the gold markets at all times.
In addition, market players can use LBMA Trade Data to estimate the size and form of the London OTC precious metals market, the world’s oldest and largest financial market for gold. It gives members a complete picture of the precious metals markets, allowing them to make well-informed multi-asset investing decisions. This also allows us to think about the market in the long term.
If you are looking to invest in this market you should check historical rates of gold to choose the best moment and places to lead your money and your time. The information provided by LBMA will allow you to have an overview so that you can better evaluate the possibilities. For example, based on these data, the consequences of monetary tightening policies or, on the other hand, easing policies, can be evaluated.
For this reason, you must be aware of current values as well as historical values to evaluate the best investment in the market. And the best option for this is using an API.
An API is an Application Programming Interface, which is a user interface that gathers data from a variety of sources and a specified region. This is a way for computers and computer programs to communicate with one another. It’s a type of software interface that provides a service to other applications.
You can find a lot of types of API, but they work in many different ways. If you want to update historical values to make the best investment the API you should choose is Metals- API.
Metals-API gives real-time historical rates for any metal. You’ll be able to profit from the current market trend. It also displays current and historical pricing in a more usable format for you to do your research.
Metals-API allows programmatic access to metal pricing data via the web, mobile, and desktop applications. This API is compatible with Java, Python, and PHP. Gold, bronze, and other metal values are constantly updated. This information can be used in spreadsheets, websites, mobile apps, and other business applications.
Metals-API is very easy to subscribe to. Just follow the next steps:
- Generate your API account at www.metals-API.com.
- Search for an LBMA metal and the currency of your choice.
- Use these symbols to add metal and money to the list before calling the API. You may also choose a programming language and a budget.
- Then, you click on the “run” button to complete the task. The API will show on your screen.
The result will look something like this:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "LBXAUPM",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
If you want to know more about LBMA Gold pm you should check this article: Check this API to get LBMA rates in USD