Chart Of The Price Of Gold Over 10 Years
Gold has been a popular investment option for centuries, and its price has been fluctuating constantly. Over the past decade, the price of gold has seen significant changes. This article will take a closer look at the chart of the price of gold over 10 years.
The Price Of Gold In 2010
In January 2010, the price of gold was around $1,100 per ounce, which was the highest it had ever been at that time. The price continued to rise throughout the year, reaching a peak of around $1,400 in December.
The Price Of Gold In 2011
In 2011, the price of gold continued to rise, reaching a peak of around $1,900 in September. This was due to the uncertainty in the global economy, particularly in Europe. The price began to fall towards the end of the year, finishing at around $1,600 per ounce.
The Price Of Gold In 2012
In 2012, the price of gold remained relatively stable, with fluctuations between $1,500 and $1,800 per ounce. This was due to the easing of economic uncertainty in Europe and the United States. The year ended with the price at around $1,650 per ounce.
The Price Of Gold In 2013
In 2013, the price of gold experienced a significant drop, falling from around $1,700 in January to around $1,200 in December. This was due to the strengthening of the US dollar and the improving global economy, which reduced the demand for gold.
The Price Of Gold In 2014
In 2014, the price of gold continued to fall, reaching a low of around $1,150 per ounce in November. This was due to the strengthening of the US dollar and the improving global economy. The year ended with the price at around $1,200 per ounce.
The Price Of Gold In 2015
In 2015, the price of gold continued to fall, dropping to around $1,050 per ounce in December. This was due to the strengthening of the US dollar and the improving global economy. The year ended with the price at around $1,060 per ounce.
The Price Of Gold In 2016
In 2016, the price of gold began to rise again, reaching around $1,350 per ounce in July. This was due to the uncertainty caused by the Brexit vote and the US presidential election. The year ended with the price at around $1,150 per ounce.
The Price Of Gold In 2017
In 2017, the price of gold remained relatively stable, with fluctuations between $1,200 and $1,350 per ounce. This was due to the geopolitical tensions and uncertainty in the global economy. The year ended with the price at around $1,300 per ounce.
The Price Of Gold In 2018
In 2018, the price of gold began to fall again, dropping to around $1,200 per ounce in August. This was due to the strengthening of the US dollar and the improving global economy. The year ended with the price at around $1,280 per ounce.
The Price Of Gold In 2019
In 2019, the price of gold began to rise again, reaching around $1,550 per ounce in September. This was due to the geopolitical tensions and uncertainty in the global economy. The year ended with the price at around $1,500 per ounce.
The Price Of Gold In 2020
In 2020, the price of gold soared to record highs due to the COVID-19 pandemic and its impact on the global economy. The price reached around $2,000 per ounce in August, before falling slightly towards the end of the year. The year ended with the price at around $1,900 per ounce.
Conclusion
The chart of the price of gold over the past decade shows that it has experienced significant fluctuations. The price has been influenced by various factors, including the global economy, geopolitical tensions, and the strength of the US dollar. Despite these fluctuations, gold remains a popular investment option due to its perceived value and stability.
