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Best Way To Obtain Gold’s London OTC Market Prices In 2023

Are you looking for the best option to find Gold’s London OTC Market Prices? If you are reading this article, surely you did not succeed in the search. But don’t worry, we are going to advise you and we will provide you with the best London OTC Market Prices API.

The over-the-counter market is a space in which two parties directly trade various financial instruments such as currencies, bonds or shares. The agreements they reach are recorded in contracts where the way in which these instruments are settled is stated. These markets and their contracts are known under the acronym OTC (which precisely means Over the counter) and they are secondary markets in which all kinds of financial assets that have the ability to convert into money are traded. And of course, metals are an example of this, especially precious metals as highly valued as gold.

The main feature of the OTC market is that the negotiations between the parties do not take place on a centralized platform. In this market, they are carried out privately using channels such as email or phone calls. In addition, the price of the asset is traded in real-time. Within the OTC markets, there are some as powerful as Forex, which is the largest foreign exchange market and the most liquid on the planet. All this makes its size much larger than that of regulated markets. It is believed that around 2 million transactions are made each day. Over-the-counter markets are less regulated than primary markets and their activity is usually not supervised. But many of its participants, such as intermediaries and financial entities, are subject to the regulations of different international organizations.

Returning to your question, if you are looking to find Gold’s London OTC Market Prices, without a doubt, the best option is Metals-API, a metal prices API.

Utilize Metals-API Hub to obtain gold’s London OTC market prices

In case you want to get OTC prices, the best option is Metals-API. As the ending “API” indicates, this platform is an API that connects with the main over-the-counter markets in the world. And today, the world’s largest over-the-counter market is in the UK capital, London. With this information, you will be able to obtain the prices of different precious metals such as silver, platinum, rhodium and, above all, gold (the most valued metal of all).

Because OTC markets are priced in real-time, it will be important for this platform to update prices frequently. It will be useless to receive backward prices, which do not reflect the current values of gold. For this reason, Metals-API is committed to providing you with the most up-to-date prices on the market. In fact, if for some reason you wanted to update the prices again, just for security, you would only have to wait 60 seconds to do it again. Also, gold prices will be accurate to 2 decimal places.

If you did not know about this system, we will give you some examples of companies that use this system. Some examples are Injective Protocol, Chainlink, Glencore and even Mansour. They are companies that are involved in the world of metals and they can guarantee that this service is spectacular. If there is something that you did not understand or that we did not explain, you can also send an email to [email protected] The response will be very fast!

Also published on Medium.

Published inAppsApps, technologyTechnology

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