Gold fragments on a balance scale

Gold Price Outlook

Gold prices have dropped over the past month as huge declines in global stock markets forced some investors to sell gold holdings to cover losses elsewhere. On 13 March, gold closed the trading day at USD 1,531 per troy ounce, which was down 2.8% from the same day of the previous month. However, the price was 0.7% higher on a year-to-date basis and was up 17.0% from the same day last year. Prices declined over the past month after the coronavirus inflicted severe damage on global stock markets. As a result, some investors were forced to sell liquid gold holdings to offset losses. Moreover, soft jewelry demand due to virus fears and containment measures likely added further downward pressure. However, the price fall was softened by solid safe-haven demand, and lower interest rates by the Federal Reserve making it more attractive to hold non-interest-bearing assets such as gold.

Gold Price History Data (USD per troy ounce, aop)

2015  2016  2017  2018  2019  
Gold 1159.8  1248.54  1258.46  1269.41  1393.23  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Gold Historical Price Chart


Gold historical price chart
Note: London Bullion Market Association (LBMA) Gold, prices in USD per troy ounce (toz). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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