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Fetch FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices via this API

Fetch FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices via this API

Fetch FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices via this API

Fetch FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices via this API

In the world of finance and investment, the ability to access historical prices for assets such as the FT Cboe Vest Gold Target Income ETF (IGLD) is crucial for making informed decisions. One of the most effective ways to retrieve this data is through the Metals-API, a powerful tool that provides real-time and historical pricing data for various metals, including gold. This blog post will delve into the capabilities of Metals-API, focusing on how developers can utilize it to fetch historical prices for gold and other precious metals.

About Gold (XAU)

Gold, represented by the symbol XAU, has long been a cornerstone of wealth preservation and investment. As a precious metal, it plays a pivotal role in the global economy, serving as a hedge against inflation and currency fluctuations. The digital transformation in the precious metals market has led to innovative solutions that enhance trading efficiency and transparency. With the integration of data analytics and market insights, investors can now make more informed decisions based on real-time data.

Technology has revolutionized the way traders interact with gold markets. The advent of digital asset solutions has enabled seamless transactions and improved price discovery mechanisms. By leveraging advanced analytics, market participants can gain deeper insights into price trends and fluctuations, allowing for more strategic investment decisions.

Metals-API Overview

The Metals-API is designed to empower developers with the tools necessary to build next-generation applications that require real-time metals data. This API provides a comprehensive suite of endpoints that allow users to access the latest rates, historical prices, and various other functionalities related to precious metals. Its innovative approach to data delivery ensures that developers can create applications that are not only efficient but also capable of providing valuable insights into market dynamics.

Key Features of Metals-API

Metals-API offers a range of endpoints that cater to different data needs. Here’s a detailed look at some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data for metals, updated every 60 minutes or even more frequently. This feature is essential for traders who need to stay updated on market movements.
  • Historical Rates Endpoint: Access historical rates for most metals dating back to 2019. By appending a specific date to the API call, users can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
  • Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for various metals, providing insights into market liquidity and pricing efficiency.
  • Convert Endpoint: The API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: Users can query the API for daily historical rates between two specified dates, allowing for detailed analysis of price movements over time.
  • Fluctuation Endpoint: This endpoint provides information on how metal prices fluctuate on a day-to-day basis, helping traders understand volatility and market trends.
  • Carat Endpoint: Users can retrieve gold rates by carat, which is essential for jewelers and those involved in the jewelry market.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides the open, high, low, and close prices for a specific date, which is crucial for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is beneficial for those tracking industrial metal prices.
  • API Key: Each user is assigned a unique API key that must be included in API requests to authenticate access.
  • API Response: The API delivers exchange rates relative to USD, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API provides a constantly updated list of all available currencies and metals, ensuring users have access to the latest information.
  • Gold Price India Endpoint: This dedicated endpoint retrieves the latest gold prices specifically for the Indian market, catering to regional investors.
  • News Endpoint: Users can access the latest news articles related to various metals, keeping them informed about market developments.

Understanding API Responses

When interacting with the Metals-API, understanding the structure of API responses is crucial for effective data utilization. Below are examples of typical responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1746324216,
    "base": "USD",
    "date": "2025-05-04",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates the latest exchange rates for gold (XAU) and other metals, with the base currency being USD. The "rates" object contains the current price per troy ounce for each metal.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1746237816,
    "base": "USD",
    "date": "2025-05-03",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical pricing data for a specific date, allowing users to analyze past market conditions.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-27",
    "end_date": "2025-05-04",
    "base": "USD",
    "rates": {
        "2025-04-27": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-29": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-04": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response illustrates how to retrieve exchange rates for a specific time period, providing daily rates for the selected dates.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746324216,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows how to convert a specified amount from one currency to another, providing the conversion rate and the result in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-27",
    "end_date": "2025-05-04",
    "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 metal prices fluctuate over a specified period, detailing the start and end rates along with the percentage change.

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

{
    "success": true,
    "timestamp": 1746324216,
    "base": "USD",
    "date": "2025-05-04",
    "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 open, high, low, and close prices for a specific date, which is essential for traders conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1746324216,
    "base": "USD",
    "date": "2025-05-04",
    "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 for metals, along with the spread, which is crucial for understanding market liquidity.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into your applications can unlock numerous possibilities for data analysis and trading strategies. Here are some practical use cases:

  • Investment Analysis: Investors can use historical price data to analyze trends and make informed decisions about buying or selling gold and other metals.
  • Trading Bots: Developers can create automated trading bots that utilize real-time data from the Metals-API to execute trades based on predefined strategies.
  • Market Research: Financial analysts can leverage the API to gather data for reports and presentations, providing insights into market conditions and price movements.
  • Portfolio Management: Wealth managers can use the API to track the performance of precious metals in client portfolios, adjusting strategies based on real-time data.

Common Developer Questions

As developers begin to integrate the Metals-API into their applications, they may encounter several common questions:

How do I authenticate my API requests?

Authentication is done using an API key, which must be included in the request URL as a parameter. This key is unique to each user and ensures secure access to the API.

What is the rate limit for API requests?

Rate limits vary based on the subscription plan. It is essential to review the plan details to understand the maximum number of requests allowed within a specified timeframe.

How can I handle errors in API responses?

API responses include a success field that indicates whether the request was successful. In case of an error, the response will provide an error message that can guide troubleshooting efforts.

Performance Optimization and Scaling

To ensure optimal performance when using the Metals-API, consider the following strategies:

  • Caching: Implement caching mechanisms to store frequently accessed data, reducing the number of API calls and improving response times.
  • Batch Requests: Where possible, use batch requests to minimize the number of API calls, especially when retrieving data for multiple metals or time periods.
  • Asynchronous Processing: Utilize asynchronous processing to handle API requests without blocking the main application thread, enhancing user experience.

Security Considerations

When integrating the Metals-API, it is crucial to implement security best practices:

  • Secure API Key Storage: Store your API key securely and avoid exposing it in public repositories or client-side code.
  • Data Validation: Validate all incoming data to prevent injection attacks and ensure data integrity.
  • Rate Limiting: Monitor API usage and implement rate limiting to prevent abuse and ensure fair access for all users.

Conclusion

The Metals-API is a powerful tool for developers looking to access real-time and historical pricing data for precious metals, including gold. By leveraging its extensive features and endpoints, developers can create innovative applications that provide valuable insights into market dynamics. Whether you are building trading bots, conducting market research, or managing investment portfolios, the Metals-API offers the flexibility and functionality needed to succeed in today's fast-paced financial landscape.

For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols to find the data you need. With the right tools and knowledge, you can harness the power of real-time metals data to enhance your trading strategies and investment decisions.

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