Best Cobalt (LCO) API in 2025

Best Cobalt (LCO) API in 2025

About Cobalt (LCO)

Cobalt Market Information

• Global economic conditions and inflation expectations
• Industrial demand and technological developments
• Mining production and supply constraints
• Investment demand, including ETFs and physical holdings
• Currency fluctuations, particularly the US Dollar
• Geopolitical events and market uncertainty

API Description

Metals-API Website or check the Metals-API Documentation for detailed guidance.

Key Features and Endpoints

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or more frequently. This is crucial for applications that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Historical rates are available for most currencies dating back to 2019. Developers can query the Metals-API for historical rates by appending a specific date to the request. This feature is essential for analyzing trends over time.
• Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time Bid and Ask prices, which are critical for trading applications where precise pricing is necessary.
• Convert Endpoint: The Metals-API includes a dedicated currency conversion endpoint, allowing users to convert any amount from one currency to another. This is particularly useful for applications that deal with multiple currencies.
• Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice, facilitating in-depth analysis of price movements.
• Fluctuation Endpoint: Users can retrieve information about how currencies fluctuate on a day-to-day basis, which is vital for understanding market volatility.
• Carat Endpoint: This endpoint provides information about Gold rates by Carat, allowing users to access detailed pricing information based on carat weight.
• Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price for a specified date range, which is useful for identifying market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for a specified date, which is essential for traders analyzing market performance.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for extensive historical analysis.
• API Key: Each user is assigned a unique API Key that must be included in requests to authenticate access to the API.
• API Response: The exchange rates delivered by the Metals-API are relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API offers a wide range of endpoints, each providing different functionalities tailored to user needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies and metals, ensuring users can access the most up-to-date information.
• Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional market analysis.
• News Endpoint: This feature allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

Supported Metals and Currencies

Metals-API Supported Symbols page.

Example API Responses

Latest Rates Endpoint Response:

{
    "success": true,
    "timestamp": 1741914057,
    "base": "USD",
    "date": "2025-03-14",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "EUR": 0.92,
        "GBP": 0.78,
        "JPY": 110.45
    }
}

Historical Rates Endpoint Response:

{
    "success": true,
    "timestamp": 1741827657,
    "base": "USD",
    "date": "2025-03-13",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    }
}

Convert Endpoint Response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1741914057,
        "rate": 0.000482
    },
    "result": 0.482
}

Common Use Cases for Metals-API

1. Real-time Precious Metal Price Tracking: Monitor prices for gold, silver, platinum, and palladium in real-time, enabling timely investment decisions.
2. Historical Price Analysis: Analyze historical price trends to inform investment strategies and market predictions.
3. Currency Conversion: Easily convert between different currencies and precious metals, facilitating international transactions.
4. Price Alerts: Set up notifications for when prices reach specific thresholds, allowing for proactive trading.
5. Financial Applications: Integrate metal prices into financial dashboards and applications for comprehensive market analysis.
6. Trading Platforms: Power trading platforms with accurate metal pricing data to enhance user experience.
7. Investment Portfolio Tracking: Track the value of precious metal investments over time, providing insights into portfolio performance.

Implementation Guidance

• Error Handling: Implement robust error handling for network issues and API responses to ensure a smooth user experience.
• Data Validation: Validate and format data for display to maintain consistency and accuracy in applications.
• Conversion Calculations: Ensure accurate conversion calculations between different units and currencies to avoid discrepancies.
• Historical Data Storage: Store historical data for trend analysis, allowing for deeper insights into market movements.

Conclusion

Metals-API Documentation and the Metals-API Supported Symbols page to enhance your understanding and implementation of this powerful API.