Last 10 Years Gold Price (24ct)
Unit:
Carat:
Key Events
Key market events that influenced gold prices:
2016-2017
• Brexit referendum created significant currency volatility
• Political uncertainty during negotiations boosted precious metals demand
• GBP fluctuations directly impacted UK gold pricing
• Political uncertainty during negotiations boosted precious metals demand
• GBP fluctuations directly impacted UK gold pricing
2018-2019
• Trade tensions between major economies increased market uncertainty
• Central banks began increasing their gold purchases
• Low global interest rates made gold more attractive to investors
• Central banks began increasing their gold purchases
• Low global interest rates made gold more attractive to investors
2020-2025
• Pandemic response drove massive monetary expansion
• Currency debasement concerns supported gold prices
• Multiple crises maintained safe-haven demand throughout the period
• Currency debasement concerns supported gold prices
• Multiple crises maintained safe-haven demand throughout the period