Gold Historical Prices
12-Month Price History, Trends & Analysis
12-Month Price History
Market Context
Gold is a traditional safe-haven asset that tends to appreciate during periods of economic uncertainty, high inflation, and geopolitical instability.
The gold market is influenced by central bank policies (especially interest rates), US dollar strength, inflation expectations, and global demand from jewelry, technology, and investment sectors.
Gold prices are quoted in US dollars per troy ounce and trade 24/7 across global markets including London, New York (COMEX), and Asian markets.
Year-over-Year Performance
Frequently Asked Questions
What was the highest gold price in the past year?
The highest gold price in the past 12 months was $4858.19 per troy ounce. Gold prices typically rise during periods of economic uncertainty and geopolitical tension.
What was the lowest gold price in the past year?
The lowest gold price in the past year was $2885.57 per troy ounce. Gold prices can decline when interest rates rise and the US dollar strengthens.
What is the average gold price over the past year?
The average gold price over the past 12 months was $3710.68 per troy ounce. This average reflects the underlying trend adjusted for short-term volatility.
How much has gold price changed year-over-year?
Gold prices have increased by $1972.62 (68.36%) compared to one year ago. The current price is $4858.19 per troy ounce.
Why is gold important for commodity traders?
Gold serves as a safe-haven asset and inflation hedge. Traders use gold to diversify portfolios, hedge against currency risks, and protect wealth during market volatility. OilPriceAPI provides real-time gold price data for algorithmic trading strategies.
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