Monday, July 27, 2020

Gold hits $1900 per ounce

The gold price is now (July 27, 2020 at 9:30am) about $1940/ounce.  It was at $1800 on July 16 and has increased every day since then.  I think this is the highest it has ever been.  The gold price briefly went above $1900 on August 22, 2011.

Gold started the year [2011] just above $1,400 an ounce. Gold prices first crossed the $1,900 mark in after-hours electronic trading Monday. Early Tuesday, prices hit an all-time high of $1,917.90 an ounce, before pulling back to about $1,880. Aug 22, 2011.  money.cnn.com

See also https://aftermath2022.blogspot.com/2020/07/gold-hits-1800-per-ounce.html

The price of gold was $1400 per ounce one year ago on 7/5/19.

When will it hit $2000/ounce?  At this rate it will happen within a month.

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Update: 
For the first time in nearly a decade, the gold price has hit a new all-time recordFutures contracts for delivering gold in August shot up 2.1% to $1,938.10 a troy ounce, topping the previous intraday peak of $1,923.70 from September 2011.
https://www.economicpolicyjournal.com/2020/07/gold-prices-hit-all-time-new-record.html

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