What was price of gold in 2000

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The price of gold per troy ounce increased considerably between and , despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately At the end of , a troy ounce of gold cost 1, Price of — additional information In the price of gold was at its lowest since , with a troy ounce of gold costing Since then gold prices have been rising and after the economic crisis of the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment.

History has shown that time and time again, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation.

However unlike other commodities, once gold is mined it does not get used up like other commodities for example, such as gasoline. So while gold may be a good investment at times, the supply demand argument does not apply to gold. Gold Price Hungary. Gold Price India. Gold Price Indonesia. Gold Price Israel. Gold Price Japan. Gold Price Jordan. Gold Price Kuwait. Gold Price Lebanon. Gold Price Libya. Gold Price Macau. Gold Price Macedonia. Gold Price Malaysia. Gold Price Mexico.

Gold Price Myanmar. Gold Price New Zealand. Gold Price Nigeria. Gold Price Norway. Gold Price Pakistan. Gold Price Philipines. Gold Price Qatar. Gold Price Russia. Gold Price Saudi Arabia. Summary Forecast Stats Download Alerts. Consumer prices are sharply rising around the globe with the annual inflation rate in the US quickening to a three-decade high of 6.

The potential for stagflation is rising as economic growth slows and price pressures continue to increase around the globe as supply constraints persist and energy costs remain elevated. Historically, Gold reached an all time high of Gold - data, forecasts, historical chart - was last updated on November of Gold is expected to trade at Looking forward, we estimate it to trade at Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

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Basic Account. The ideal entry-level account for individual users. Corporate solution including all features. Statistics on " Gold mining worldwide " The most important statistics. The most important statistics. Further related statistics. Gold price and costs of mining Average gold prices worldwide by major currencies Annual average price of gold in London Gold supply India by source Gold demand worldwide in U.

Further Content: You might find this interesting as well. Statistics Gold price and costs of mining Average gold prices worldwide by major currencies Annual average price of gold in London Gold supply India by source Gold demand worldwide in U.