Chart Of Gold Prices Over The Last 10 Years
Gold has been a valuable commodity for centuries, and its price has been subject to fluctuations over the years. In this article, we will take a closer look at the chart of gold prices over the last 10 years to examine its performance and identify any trends.
Understanding The Chart
The chart shows the price of gold in US dollars per ounce from 2011 to 2021. The y-axis represents the price, while the x-axis represents time. The black line represents the actual price of gold, while the dotted line represents the trendline.
Gold Prices In 2011
In 2011, the price of gold was on the rise. It reached its peak in September of that year at $1,895 per ounce. This was due to a combination of factors, including heightened uncertainty in the economy and geopolitical tensions.
Gold Prices In 2012
In 2012, the price of gold started to decline. It remained relatively stable for the first half of the year, but then began to drop in September. By the end of the year, gold was trading at around $1,670 per ounce.
Gold Prices In 2013
In 2013, gold prices continued to decline. The year started off with gold trading at around $1,675 per ounce, but by the end of the year, it had dropped to around $1,200 per ounce. This was due to a combination of factors, including a stronger US dollar and a decrease in demand for gold.
Gold Prices In 2014
In 2014, gold prices remained relatively stable. The price started off at around $1,200 per ounce and stayed within a range of $1,200 to $1,400 per ounce for most of the year. This was due to a combination of factors, including a stronger US dollar and a decrease in demand for gold.
Gold Prices In 2015
In 2015, gold prices began to rise again. The price started off at around $1,200 per ounce and increased steadily throughout the year, reaching around $1,080 per ounce by the end of the year. This was due to a combination of factors, including a weaker US dollar and increased demand for gold as a safe haven asset.
Gold Prices In 2016
In 2016, gold prices continued to rise. The price started off at around $1,080 per ounce and increased steadily throughout the year, reaching around $1,300 per ounce by the end of the year. This was due to a combination of factors, including continued uncertainty in the economy and geopolitical tensions.
Gold Prices In 2017
In 2017, gold prices remained relatively stable. The price started off at around $1,150 per ounce and stayed within a range of $1,150 to $1,350 per ounce for most of the year. This was due to a combination of factors, including a stronger US dollar and a decrease in demand for gold as a safe haven asset.
Gold Prices In 2018
In 2018, gold prices began to decline. The price started off at around $1,350 per ounce and decreased steadily throughout the year, reaching around $1,200 per ounce by the end of the year. This was due to a combination of factors, including a stronger US dollar and a decrease in demand for gold as a safe haven asset.
Gold Prices In 2019
In 2019, gold prices began to rise again. The price started off at around $1,280 per ounce and increased steadily throughout the year, reaching around $1,520 per ounce by the end of the year. This was due to a combination of factors, including continued uncertainty in the economy and geopolitical tensions.
Gold Prices In 2020
In 2020, gold prices reached a record high. The price started off at around $1,520 per ounce and increased steadily throughout the year, reaching around $2,060 per ounce by August. This was due to a combination of factors, including the COVID-19 pandemic and the resulting economic uncertainty.
Gold Prices In 2021
In 2021, gold prices have been relatively stable. The price started off at around $1,890 per ounce and has stayed within a range of $1,750 to $1,950 per ounce for most of the year. This is due to a combination of factors, including a stronger US dollar and increased demand for riskier assets as the economy recovers from the pandemic.
Conclusion
The chart of gold prices over the last 10 years shows that the price of gold has been subject to fluctuations over time. It has been influenced by a range of factors, including geopolitical tensions, economic uncertainty, and changes in demand for the commodity. While gold prices have been relatively stable in recent years, they continue to be an important indicator of global economic conditions.