Get FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices with Metals-API

Get FT Cboe Vest Gold Target Income ETF (IGLD) Historical Prices with Metals-API

In the world of finance and investment, having access to accurate and timely data is crucial for making informed decisions. For those interested in the FT Cboe Vest Gold Target Income ETF (IGLD), understanding how to retrieve historical prices is essential. This blog post will guide you through the process of obtaining historical prices for Gold (XAU) using the Metals-API, a powerful tool that provides real-time and historical data on precious metals.

About Gold (XAU)

Gold has long been considered a safe-haven asset, especially during times of economic uncertainty. As digital transformation sweeps through various industries, the precious metals market is no exception. The integration of technology in trading has revolutionized how investors access and analyze market data. With the advent of data analytics, market insights have become more accessible, allowing traders to make informed decisions based on real-time information.

Moreover, the innovation in price discovery mechanisms has enabled more accurate pricing of gold and other metals. Digital asset solutions are emerging, providing investors with new ways to engage with precious metals. As a result, understanding the historical prices of gold is not just about looking at past performance; it’s about leveraging technology to gain insights into future trends.

Metals-API Overview

The Metals-API is a comprehensive JSON API that offers a wide range of functionalities for developers and traders alike. It empowers users to build next-generation applications by providing access to real-time and historical metals data. The API is designed with innovation in mind, allowing for seamless integration into various applications, from trading platforms to financial analysis tools.

One of the standout features of Metals-API is its ability to deliver data in real-time, ensuring that users have the most current information at their fingertips. This capability is crucial for making timely trading decisions, especially in the fast-paced world of commodities trading.

Key Features and Endpoints

Metals-API offers several key features that cater to the needs of developers and traders. Here are some of the most important endpoints:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for various metals, including Gold (XAU). Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even more frequently. This feature is essential for traders who need to stay updated on market fluctuations.

{
    "success": true,
    "timestamp": 1743814938,
    "base": "USD",
    "date": "2025-04-05",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those looking to analyze past performance, the Historical Rates endpoint is invaluable. It allows users to access historical exchange rates for most currencies dating back to 2019. By appending a specific date to the API call, you can retrieve the historical price of Gold (XAU) and other metals.

{
    "success": true,
    "timestamp": 1743728538,
    "base": "USD",
    "date": "2025-04-04",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

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 conducting trend analysis over specific periods, helping traders identify patterns and make predictions based on historical data.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-29",
    "end_date": "2025-04-05",
    "base": "USD",
    "rates": {
        "2025-03-29": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-31": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-05": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert endpoint is a versatile feature that allows users to convert any amount from one metal to another or to/from USD. This functionality is particularly useful for traders who need to quickly assess the value of their holdings in different currencies.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743814938,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how currencies fluctuate on a day-to-day basis. By tracking rate fluctuations between two dates, traders can gain a better understanding of market volatility and make more informed decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-29",
    "end_date": "2025-04-05",
    "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"
}

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

The OHLC endpoint allows users to retrieve the open, high, low, and close prices for a specific time period. This data is crucial for traders looking to analyze market trends and make predictions based on historical performance.

{
    "success": true,
    "timestamp": 1743814938,
    "base": "USD",
    "date": "2025-04-05",
    "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"
}

Bid/Ask Endpoint

The Bid/Ask endpoint provides current bid and ask prices for metals, allowing traders to gauge market sentiment and make informed trading decisions. This feature is particularly useful for those looking to enter or exit positions quickly.

{
    "success": true,
    "timestamp": 1743814938,
    "base": "USD",
    "date": "2025-04-05",
    "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"
}

Authentication and API Key

To access the Metals-API, users must obtain an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring that users have the appropriate permissions to access the data. Proper management of the API key is crucial for maintaining security and preventing unauthorized access.

Performance Optimization and Rate Limiting

Metals-API implements rate limiting to manage the number of requests a user can make within a specified timeframe. Understanding these limits is essential for developers to optimize their applications and avoid hitting the maximum request threshold. Caching strategies can also be employed to enhance performance, reducing the need for repeated API calls for the same data.

Common Pitfalls and Troubleshooting

When working with APIs, developers may encounter various challenges. Common issues include incorrect API key usage, exceeding rate limits, and handling unexpected response formats. It is important to implement robust error handling and recovery strategies to ensure that applications can gracefully manage these situations.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers and traders looking to access historical prices for Gold (XAU) and other precious metals. With its comprehensive set of features, including real-time rates, historical data, and advanced analytics capabilities, the API empowers users to make informed trading decisions. By leveraging the power of technology and data analytics, traders can gain deeper insights into market trends and optimize their trading strategies.

For more information on how to get started with Metals-API, visit the Metals-API Documentation for detailed guidance on implementation and usage. To explore the full range of supported symbols, check out the Metals-API Supported Symbols. For general inquiries and additional resources, visit the Metals-API Website.