Last 5 Years Gold Price (24ct)
Unit:
Carat:
Key Events
Key market events that influenced gold prices:
2020-2021
• COVID-19 pandemic drove investors to seek safe-haven assets
• Unprecedented global stimulus measures boosted gold to record highs
• Massive monetary expansion weakened currencies and increased precious metals demand
• Unprecedented global stimulus measures boosted gold to record highs
• Massive monetary expansion weakened currencies and increased precious metals demand
2022-2023
• Post-pandemic inflation surge created market uncertainty
• Aggressive central bank rate hikes initially pressured gold prices
• Inflation concerns eventually outweighed higher borrowing costs
• Aggressive central bank rate hikes initially pressured gold prices
• Inflation concerns eventually outweighed higher borrowing costs
2024-2025
• Evolving monetary policies maintained market volatility
• Persistent geopolitical tensions supported gold demand
• Central bank buying from emerging markets provided price support
• Persistent geopolitical tensions supported gold demand
• Central bank buying from emerging markets provided price support