Gold price history

The following is a deep dive into past Most website visitors here on Gold-Eagle.com are from the USA and for that reason, we will begin with a gold price chart covering more than the last 700 years. Leading into the US dollar price of gold since the 1776 founding of the United States of America (USA) through the post-1971 fully fiat Federal Reserve note era to today headed into 2020. In our nation’s historically brief +240 year history, the price of gold has swung from as low as $20.67 oz to a high close to $2,000 oz in the late summer of 2011. Here is this same chart with some historic eras annotated so the viewer can follow along with gold price history here in the USA. From the year 1776 to our present day, the majority of our non-war US history, the price of gold was steady at $20.67 per oz USD beginning with the Bimetallic Standard then to the Gold Standard and 1873 demonetization of silver. The chart does not fully reflect that during our nation's first major gold price mania, the gold price peaked to $160 oz in late 1869. This was following the US Civil War and much in part due to the public's general mistrust of Since the industrial revolution of the mid-1800s and into the 20th Century, due to ingenuity and other contributing factors. Both world physical gold production and the global population of human beings began exponentially rising in comparison to the prior 350-400 years of time. Given that gold is next to molecularly impossible to destroy and preciously exp...

• 25662.80 +3.00% • 1.09488 +1.00% • 1673.78 +2.28% • 1958.23 +0.83% • 2.605 +8.74% • 1.27899 +0.95% • 75.66 +2.79% • 75.04 +4.28% • 140.312 +0.11% • 70.83 +2.81% • 25662.80 +3.00% • 1.09488 +1.00% • 1673.78 +2.28% • 1958.23 +0.83% • 2.605 +8.74% • 1.27899 +0.95% • 75.66 +2.79% • 75.04 +4.28% • 140.312 +0.11% • 70.83 +2.81% Date Close Change Change(%) Open High Low Jun 15, 2023 1934.37 -10.78 -0.55% 1945.15 1945.19 1932.33 Jun 14, 2023 1945.16 1.30 0.07% 1943.86 1960.12 1939.63 Jun 13, 2023 1943.85 -16.06 -0.82% 1959.91 1970.87 1939.93 Jun 12, 2023 1959.88 -0.03 -0.00% 1959.91 1966.87 1949.11 Jun 11, 2023 1959.92 0.47 0.02% 1959.45 1960.49 1957.99 Jun 9, 2023 1960.85 -4.39 -0.22% 1965.24 1972.91 1956.57 Jun 8, 2023 1965.26 20.87 1.07% 1944.39 1970.44 1942.71 Jun 7, 2023 1944.38 -18.90 -0.96% 1963.28 1970.08 1939.77 Jun 6, 2023 1963.31 2.12 0.11% 1961.19 1966.29 1954.32 Jun 5, 2023 1961.21 11.86 0.61% 1949.35 1963.89 1938.04 Jun 4, 2023 1949.30 1.91 0.10% 1947.39 1950.06 1947.25 Jun 2, 2023 1948.06 -28.91 -1.46% 1976.97 1983.34 1947.48 Jun 1, 2023 1976.98 10.74 0.55% 1966.24 1983.02 1953.29 May 31, 2023 1966.23 7.74 0.40% 1958.49 1974.69 1953.55 May 30, 2023 1958.47 17.01 0.88% 1941.46 1963.43 1931.99 May 29, 2023 1941.44 -2.17 -0.11% 1943.61 1949.66 1940.18 May 28, 2023 1943.62 0.58 0.03% 1943.04 1946.20 1943.04 May 26, 2023 1946.16 5.73 0.30% 1940.43 1957.18 1936.71 May 25, 2023 1940.44 -19.24 -0.98% 1959.68 1964.70 1938.74 May 24, 2023 1959.70 -15.28 -0.77% 1974.98 1985....

Gold, a precious metal, mostly appears in alloys and only rarely in its pure form. Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation. (read more) Gold was extracted in Egypt as early as 2000 B.C. and the first gold coins were minted in 50 B.C. in Rome. This shows that people have always been fascinated by gold and by its rarity, durability and beauty. Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat. Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around 3000 years. However, gold is used most frequently in the jewelry industry. This line of business accounts for around 75 per cent of the gold worked. Apart from the Antarctic, where mining is not allowed due to international regulations, the precious metal is mined on all continents. With a market share of 16 per cent, South Africa is the most important producer of gold. Global stocks of gold have continuously increased in recent decades and are currently at their highest level. This is also due to the fact that gold, unlik...

Does Gold’s Value Increase During Recessions? Gold has been traditionally considered a safe-haven asset, with many investors turning to the yellow metal during recessions and times of turmoil. So, how does gold hold up when the economy tumbles? The above graphic uses data from Gold vs. the S&P 500 in Historical Recessions Gold’s value comes from its Gold also has a low-to-negative correlation with the stock market, suggesting that changes in the price of gold are largely independent of how stocks are faring. As a result, gold is considered an effective diversification tool for investors who want to hedge their bets. But has gold helped investors weather recessionary storms in the past? Recession year Recession length % change in nominal price of gold % change in S&P 500 1973 16 months 87% -13.1% 1980 6 months -5.1% 6.6% 1981 16 months 1.6% 5.8% 1990 8 months 0.1% 5.4% 2001 8 months 5.0% -1.8% 2007 18 months 16.3% -37.4% 2020 2 months 5.6% -1.4% Since 1971, when the gold standard was abandoned, gold has largely seen positive price changes during recessions. And in the last three recessions since 2000, its performance has countered that of the S&P 500. While the increases in value haven’t been dramatic, they help cement gold’s position as a hedge against financial turmoil and as a For example, when the stock market collapsed in 2007, investment demand for gold increased as investors looked for a safer option. Between 2007 and 2011, gold’s price more than doubled. Similarly, ...

Gold Prices - 100 Year Historical Chart Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value. The current price of gold as of June 15, 2023 is $1,958.68 per ounce. Gold Prices - Historical Annual Data Year Average Closing Price Year Open Year High Year Low Year Close Annual % Change 2023 $1,935.27 $1,824.16 $2,053.13 $1,811.27 $1,958.68 7.36% 2022 $1,801.87 $1,800.10 $2,043.30 $1,626.65 $1,824.32 -0.23% 2021 $1,798.89 $1,946.60 $1,954.40 $1,678.00 $1,828.60 -3.51% 2020 $1,773.73 $1,520.55 $2,058.40 $1,472.35 $1,895.10 24.43% 2019 $1,393.34 $1,287.20 $1,542.60 $1,270.05 $1,523.00 18.83% 2018 $1,268.93 $1,312.80 $1,360.25 $1,176.70 $1,281.65 -1.15% 2017 $1,260.39 $1,162.00 $1,351.20 $1,162.00 $1,296.50 12.57% 2016 $1,251.92 $1,075.20 $1,372.60 $1,073.60 $1,151.70 8.63% 2015 $1,158.86 $1,184.25 $1,298.00 $1,049.60 $1,060.20 -11.59% 2014 $1,266.06 $1,219.75 $1,379.00 $1,144.50 $1,199.25 -0.19% 2013 $1,409.51 $1,681.50 $1,692.50 $1,192.75 $1,201.50 -27.79% 2012 $1,668.86 $1,590.00 $1,790.00 $1,537.50 $1,664.00 5.68% 2011 $1,573.16 $1,405.50 $1,896.50 $1,316.00 $1,574.50 11.65% 2010 $1,226.66 $1,113.00 $1,426.00 $1,052.25 $1,410.25 27.74% 2009 $973.66 $869.75 $1,218.25 $813.00 $1,104.00 27.63% 2008 $872.37 $840.75 $1,023.50 $692.50 $865.00 3.41% 2007...

In addition to having really strong bids on gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins. We have especially strong bids for old US gold coins. OnlyGold.com is owned & published by CMI Gold & Silver Inc. Copyright – CMI Gold & Silver Inc. All rights reserved.

Gold has been considered precious throughout history, but it wasn't used for money until around 550 BCE. Atfirst, people carried around gold or silver coins. If they found gold, they could get their government to make tradable coins out of it. Because of its value and its usefulness as currency, the evolving • The Romans began issuing gold coins in 50 BCE. • Throughout most of the following two millennia, many countries and empires set their currencies' values based on gold. • By the 19th century, many countries had created paper currencies based on the "gold standard." • Currency values were eventually detached from gold, but the value of the precious metal continues to grow today. Gold's Value in the Roman Empire Emperor Augustus, who reigned in ancient Rome from 31 BCE to 14 CE, set the price of gold at 40-42 coins to the pound. In other words, a pound of gold could make 40-42 coins. The next re-evaluation occurred in the period of 211 to 217 CE, during the reign of Marcus Aurelius Antoninus (Caracalla), who debased the value to 50 coins for a pound of gold, reducing the value of each coin and making gold worth more. From 284 CE to 305 CE, Diocletian further debased gold to 70 coins per pound initially, but later coins were issued at 60 coins per pound. As the price of gold rose, so did the price of everything else. Middle-class people could not afford their daily needs, and empires crumbled. The Price of Gold in Early Great Britain In 1257, Great Britain set the price ...