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Access USCF Gold Strategy Plus Income Fund (GLDX) Historical Prices via this API

Access USCF Gold Strategy Plus Income Fund (GLDX) Historical Prices via this API

Access USCF Gold Strategy Plus Income Fund (GLDX) Historical Prices via this API

Access USCF Gold Strategy Plus Income Fund (GLDX) Historical Prices via this API

In the world of finance, having access to accurate and timely data is crucial for making informed decisions. For investors interested in precious metals, particularly gold, the Metals-API provides a powerful tool to access historical prices and real-time data. This blog post will delve into the capabilities of the Metals-API, focusing on how developers can utilize it to retrieve historical prices for the USCF Gold Strategy Plus Income Fund (GLDX) and other precious metals.

About Gold (XAU)

Gold, represented by the symbol XAU, has been a cornerstone of wealth and value for centuries. In recent years, the digital transformation in precious metals trading has revolutionized how investors access and analyze gold prices. The integration of data analytics and technology has enabled market participants to gain deeper insights into price movements and trends.

With the rise of digital asset solutions, the trading landscape for gold has evolved significantly. Investors can now leverage advanced technologies for price discovery, allowing for more accurate predictions and better-informed trading strategies. The Metals-API plays a pivotal role in this transformation by providing real-time and historical data that developers can use to build next-generation applications.

Metals-API Overview

The Metals-API is a robust platform that offers a comprehensive suite of features for accessing metals prices and performing currency conversions. It empowers developers to create applications that require real-time and historical data on various metals, including gold, silver, platinum, and palladium. The API is designed with innovation in mind, allowing for seamless integration into existing systems and workflows.

One of the standout features of the Metals-API is its ability to provide historical rates dating back to 2019. This capability is essential for developers looking to analyze trends over time or backtest trading strategies. By appending a specific date to the API request, users can retrieve historical prices for gold and other metals, enabling them to make data-driven decisions.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to serve specific needs. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or even more frequently.
  • Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. This is particularly useful for analyzing past performance and market trends.
  • Bid And Ask Endpoint: This feature allows developers to retrieve real-time bid and ask prices for various metals, providing insights into market liquidity.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts between different metals or to/from USD.
  • Time-Series Endpoint: This endpoint allows users to query for daily historical rates between two specified dates, making it ideal for trend analysis.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate over time, providing valuable insights into market volatility.
  • Carat Endpoint: This feature allows users to retrieve gold rates based on carat measurements, catering to specific market needs.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query for the lowest and highest prices of metals over a specified period.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access detailed OHLC data for specific time periods, which is crucial for technical analysis.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a broader perspective on metal prices.
  • API Key: Each user is assigned a unique API key, which is required for authentication and access to the API's features.
  • API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Users can retrieve the latest gold prices specifically for the Indian market, catering to regional needs.
  • News Endpoint: This feature allows users to access the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of how to use various endpoints, along with explanations of the responses.

Latest Rates Endpoint

To get real-time exchange rates for all available metals, you can use the Latest Rates Endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1747825215,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

In this response, the success field indicates whether the request was successful. The rates object contains the current exchange rates for various metals, with values expressed in terms of USD per troy ounce.

Historical Rates Endpoint

Accessing historical exchange rates is straightforward. Here’s an example response for a specific date:

{
    "success": true,
    "timestamp": 1747738815,
    "base": "USD",
    "date": "2025-05-20",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for the specified date, allowing developers to analyze past performance and trends.

Time-Series Endpoint

The Time-Series Endpoint allows users to retrieve exchange rates for a specific period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-14",
    "end_date": "2025-05-21",
    "base": "USD",
    "rates": {
        "2025-05-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-21": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates for the specified date range, enabling developers to visualize trends and fluctuations over time.

Convert Endpoint

The Convert Endpoint allows users to convert amounts between different metals or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747825215,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates the conversion of 1000 USD to gold (XAU), providing both the rate and the resulting amount in troy ounces.

Fluctuation Endpoint

The Fluctuation Endpoint allows users to track rate fluctuations between two dates. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-14",
    "end_date": "2025-05-21",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

This response provides insights into how prices have changed over the specified period, including both absolute and percentage changes.

OHLC (Open/High/Low/Close) Price Endpoint

For those interested in technical analysis, the OHLC Price Endpoint provides essential data. Here’s an example response:

{
    "success": true,
    "timestamp": 1747825215,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides the opening, highest, lowest, and closing prices for the specified date, which is crucial for traders looking to analyze market movements.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1747825215,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This response provides the current bid and ask prices, along with the spread, which is essential for traders to understand market dynamics.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter common questions and challenges. Here are some insights:

How do I authenticate with the Metals-API?

Authentication is done using an API key, which must be included in the request URL as the access_key parameter. Ensure that your API key is kept secure and not exposed in public repositories.

What are the rate limits for the API?

Rate limits vary based on your subscription plan. It's essential to monitor your usage to avoid hitting these limits, which could result in temporary access restrictions.

How do I handle errors in API responses?

The Metals-API provides error codes and messages in the response. Developers should implement error handling logic to gracefully manage these scenarios, ensuring that users receive informative feedback.

What are the best practices for optimizing API performance?

To optimize performance, consider implementing caching strategies for frequently accessed data, minimizing the number of API calls, and using batch requests where applicable.

Conclusion

The Metals-API is a powerful tool for developers looking to access historical prices and real-time data for precious metals like gold. By leveraging its extensive features, including the ability to retrieve historical rates, track fluctuations, and convert between metals, developers can create innovative applications that meet the needs of modern investors.

For more detailed information, be sure to check out the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals. The Metals-API Website is also a valuable resource for staying updated on new features and enhancements.

As the landscape of precious metals trading continues to evolve, the Metals-API stands at the forefront, empowering developers to harness the power of data and drive innovation in the financial markets.

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