Gold Price OutlookGold prices have risen further over the last month, supported by safe-haven demand and stimulus measures. On 10 July, gold closed the trading day at USD 1,801 per troy ounce, which was up 4.8% from the same day of the previous month. The price was 18.4% higher on a year-to-date basis and was up 28.0% from the same day last year. Gold prices have been boosted by strong safe-haven demand in recent weeks, as surging new infections in the U.S. caused some states to reimpose restrictions, posing a risk to the economic recovery. In addition, the notable rally in equity markets since March, despite a still-fragile global economy, has led to concerns over elevated stock prices, causing some investors to shift to gold. Low global interest rates thanks to monetary stimulus have further bolstered interest in precious metals, which offer no yield.
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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