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 Gold Prices - Gold prices interest people from all over the world as it can be a great investment. So we've done a site on a variety of aspects including:- current gold prices, live prices, gold coin prices and the spot price of gold.
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A combination of political and economical factors have influenced History of Gold Prices over the years but recently the price of gold is much more stable and is determined primarily by market forces.
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This page is a near duplicate of the more popular title Historical Gold Prices because the page titles should be about the same topic.
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History of Gold Prices
Gold has served as the most important monetary standard throughout history. It is measured in troy ounces and typically History of Gold Prices have been most universally stated in US Dollars (USD) per Ounce.The gold price is also measured in 'price per kilogram' and 'price per gram'. For example the jewelry industry usually is concerned with the price of gold in grams whereas investors usually watch the price per ounce. (Taken from goldprice.org)
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History of Gold Prices chart
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Historically, the United States has fixed the price of gold. The price of an ounce of gold was fixed at $20.67 for many decades until 1934 at which point the price was raised to $35.00. In 1968 a two-tiered pricing structure was established, and by 1975 the price of gold was allowed to fluctuate. In January of 1980 the price of gold reached its peak, and by the year 2000 the price dropped to $272. (Taken from wisegeek.com)
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The most relevant links we could find, placed here free
 Gold Price
- Arcticle summarising History of Gold Prices rise and falls and contributing factors since 1800. www.goldprice.org
Wise Geek
- Article which features History of Gold Prices chart showing the closing price of an ounce of gold on the New York Exchange for every five year period from 1800 to 2000. www.wisegeek.com
Gold Price
- A wide range of gold history charts from 30 days to 30 years. www.goldprice.org
Wikipedia
- Lots of information about factors that have influenced History of Gold Prices. en.wikipedia.org
In the last century gold prices were determined by a combination of political and economical factors. However in the past few years, oil prices, the weak US dollar, growth in demand for jewelry and the increase in demand for exchange-traded paper backed products have become equally significant contributors to the price of gold.
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Federal Reserve Bank of New York
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Today, like all investments and commodities, gold prices are ultimately driven by supply and demand, including hoarding and dis-hoarding. Unlike most other commodities, the hoarding and dis-hoarding plays a much bigger role in affecting the price, since almost all the gold ever mined still exists and is potentially able to come on to the market at the right price.
Given the huge quantity of above ground hoarded gold, compared to the annual production, the price of gold is mainly affected by changes in sentiment, rather than changes in annual production. (Taken from wikipedia.org)
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