Last 20 Years Gold Price (24ct)
Unit:
Carat:
Key Events
Key market events that influenced gold prices:
2008 Financial Crisis
• Global banking crisis drove massive safe-haven demand for precious metals
• Central bank balance sheet expansion raised currency debasement concerns
• Aggressive monetary responses supported an extended gold rally
• Central bank balance sheet expansion raised currency debasement concerns
• Aggressive monetary responses supported an extended gold rally
2010-2015
• European sovereign debt crisis maintained precious metals demand
• Quantitative easing programs created currency devaluation concerns
• Ultra-low interest rates supported gold's role as monetary insurance
• Quantitative easing programs created currency devaluation concerns
• Ultra-low interest rates supported gold's role as monetary insurance
2020-2025
• Pandemic-driven monetary expansion renewed focus on wealth preservation
• Supply chain disruptions and inflation concerns boosted gold appeal
• Geopolitical tensions added to precious metals demand
• Supply chain disruptions and inflation concerns boosted gold appeal
• Geopolitical tensions added to precious metals demand