Gold Price OutlookGold 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)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Gold Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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