Gold perpetual futures on Polymarket track the spot USD price of one troy ounce of gold, with no expiry and no physical delivery. Gold is a precious metal used primarily for jewelry, investment bars and coins, and central bank reserves, with major mine production in China, Russia, Australia, Canada and the United States. The main global reference price is the LBMA Gold Price, set twice each business day in London in US dollars per troy ounce. Its price is typically driven by real interest rates, the US dollar, central bank buying and safe-haven demand during periods of market or geopolitical stress.