Inflation, lack of economic growth and rising unemployment created the perfect storm of economic disaster, and many investors sought gold as a hedge against stagflation, causing its price to soar. This page presents a wealth of information on historical gold prices, as well as gold price charts. If you're considering investing in gold, you might want to take a look at the metal's price history. The chart at the top of the page lets you see historical gold prices that go back more than 40 years.

You can also view these gold prices in different currencies and view their performance over a long period of time. Depending on the currencies used, you may find better long-term value. For example, since gold is normally denominated in US dollars, if the dollar is weaker, someone buying gold in yen or euros may find that gold is relatively cheaper. On the other hand, a stronger dollar can make gold relatively more expensive in other currencies due to exchange rates.

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MST. And since interest rates, inflation and exchange rates are constantly changing, it makes sense that gold prices should, too. While the gold standard, according to which the standard economic unit (the dollar for us here in the U.S. In the US) is based on a fixed amount of gold, it has been abandoned for quite some time, many countries still maintain large gold reserves.

Gold as a precious metal is still as valuable as it ever was, and its prices are affected by factors such as central bank decisions on interest rates and inflation, and even the exchange rate. If this continues to be the case, gold could continue on an upward trend, as investors rely on it for its perceived security and its potential as a hedge against falling currency values. Gold has long been considered a reliable repository of wealth and value, and that reputation is not likely to change anytime soon. For ease of reference, this page also contains a simple table showing the change in the price of gold and the percentage change in a single day, 30 days, six months, one year, five and 16 years.

China and India are the biggest buyers of physical gold and are perpetually fighting for the title of the world's largest consumer of gold. Marcus has been following the gold and silver markets with a specific focus on price manipulation for nearly a decade. In fact, you can always check what we're paying so you can estimate the payment you'll receive for your gold even before you send us the gold. Investing in a gold ETF is similar to trading gold stocks on an exchange, and there are numerous gold ETF options to choose from.

As the World Gold Council explains: “This is particularly true in developing economies, where gold is often used as a luxury item and a means of preserving wealth. If you're simply looking to buy and sell gold as a swing trader, you can focus on hourly or six-hour charts. According to the World Gold Council, gold's ability to decouple from the stock market during periods of tension makes it “unique among most market hedges”. While many other gold buyers pay just 25% of the value of their gold, Express Gold Cash pays up to 90% of the value of gold bars and up to 85% of the refined value of gold jewelry.

The consensus in the gold market is that major mining companies have not spent enough on gold exploration in recent years.