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UUID | cae601f3-e5cc-11ec-8155-bc764e203090 |
The Brent Crude Price in Troy Ounces of Gold function returns the value of a barrel of Brent Crude oil in gold
Brent Crude is a benchmark in oil pricing. The markets fluctuate, the dollars per barrel are captured here hourly. In a similar vein, the value of gold fluctuates. This function captures both and gives the up to date equivalent value of Brent Crude in US dollars ($) and troy ounces of gold.
`BTCB = "USD"/"bbl Brent Crude" * "Gold"/"USD" = ($65.58)/"1 Barrel Brent Crude" * ("1.0 troy ounce Gold")/($3036.79) = 0.022 OTZ`
where:
Gold Spot Price:$3036.79
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