Access real-time Franklin Responsibly Sourced Gold ETF (FGDL) prices using this API
Accessing real-time Franklin Responsibly Sourced Gold ETF (FGDL) prices has never been easier, thanks to the innovative capabilities of the Metals-API. This powerful API allows developers to seamlessly integrate real-time data on precious metals, including gold, into their applications. In this blog post, we will explore the features of the Metals-API, delve into the dynamics of the gold market, and provide insights on how to utilize this API effectively.
Metals-API Information
About Gold (XAU)
Gold, represented by the symbol XAU, has long been a cornerstone of the global financial system. As a precious metal, it serves not only as a store of value but also as a hedge against inflation and currency fluctuations. The digital transformation in precious metals trading has opened new avenues for investors and developers alike. With the advent of data analytics and market insights, stakeholders can now make informed decisions based on real-time data.
Technology integration in trading has revolutionized how gold is bought and sold. The innovation in price discovery mechanisms allows for more accurate and timely valuations, which is critical in a market that can be highly volatile. Digital asset solutions are also emerging, enabling investors to hold gold in a more accessible and liquid format. This shift is not just about convenience; it's about leveraging technology to enhance the trading experience and improve market efficiency.
API Description
The Metals-API is designed to provide developers with the tools they need to build next-generation applications that require real-time metals data. This API empowers users to access a wealth of information about various metals, including gold, silver, platinum, and palladium. The transformative potential of real-time metals data cannot be overstated, as it allows for the development of applications that can respond to market changes instantaneously.
For more information on how to get started, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for metals. Depending on your subscription plan, this endpoint can return updates every 60 minutes, every 10 minutes, or even more frequently. This is crucial for applications that require up-to-the-minute pricing information.
{
"success": true,
"timestamp": 1749344693,
"base": "USD",
"date": "2025-06-08",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
This endpoint allows users to access historical exchange rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
{
"success": true,
"timestamp": 1749258293,
"base": "USD",
"date": "2025-06-07",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask Endpoint is a powerful feature that enables users to retrieve real-time bid and ask prices for metals. This information is essential for traders looking to make informed decisions based on current market conditions.
{
"success": true,
"timestamp": 1749344693,
"base": "USD",
"date": "2025-06-08",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}Convert Endpoint
The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require currency conversion functionality.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1749344693,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is particularly useful for analyzing price trends over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-06-01",
"end_date": "2025-06-08",
"base": "USD",
"rates": {
"2025-06-01": {
"XAU": 0.000485
},
"2025-06-08": {
"XAU": 0.000482
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
Using the Fluctuation Endpoint, users can retrieve information about how currencies fluctuate on a day-to-day basis. This is critical for understanding market volatility and making informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-06-01",
"end_date": "2025-06-08",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
}
},
"unit": "per troy ounce"
}Open/High/Low/Close (OHLC) Price Endpoint
The OHLC Price Endpoint provides users with the open, high, low, and close prices for a specific time period. This data is essential for traders who rely on candlestick charts for technical analysis.
{
"success": true,
"timestamp": 1749344693,
"base": "USD",
"date": "2025-06-08",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
}
},
"unit": "per troy ounce"
}Historical LME Endpoint
The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This is particularly useful for users interested in the London Metal Exchange data.
List of Symbols
The API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.
API Response and Field Meanings
Understanding the API response is crucial for effective integration. Each response includes a success flag, a timestamp, the base currency, and the rates for the requested metals. For example, in the Latest Rates Endpoint response, the rates are provided relative to USD, which is the default base currency. Developers should familiarize themselves with the structure of the JSON responses to effectively parse and utilize the data.
Common Use Cases and Integration Strategies
Developers can leverage the Metals-API in various applications, such as financial dashboards, trading platforms, and market analysis tools. By integrating real-time data, applications can provide users with up-to-date information, enhancing decision-making processes. For instance, a trading application can use the Bid and Ask Endpoint to display current market prices, while the Historical Rates Endpoint can be used to analyze past performance.
Performance Optimization and Security Considerations
When integrating the Metals-API, developers should consider performance optimization strategies, such as caching frequently accessed data to reduce API calls and improve response times. Additionally, implementing security best practices, such as using HTTPS for API requests and securely storing API keys, is essential to protect sensitive information.
Conclusion
The Metals-API is a powerful tool for accessing real-time data on precious metals, including gold. By understanding its features and capabilities, developers can create innovative applications that leverage this data for various use cases. Whether you are building a trading platform, a financial dashboard, or a market analysis tool, the Metals-API provides the necessary resources to succeed. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation.