InvestorQ : How have gold prices moved in the last few years and what has driven gold prices?
Moii Chavate made post

How have gold prices moved in the last few years and what has driven gold prices?

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Sam Eswaran answered.
2 years ago
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Gold prices have been on a roller coaster for the past 10 years. After touching a high of $1900/oz (gold prices are internationally measured in Dollars per Troy Ounce) in September 2011, gold prices fell sharply to touch a low of $1050/oz in early 2016. However, the first Fed rate hike in 9 years effected in December 2015 created a virtual panic among equities and bonds. During this period, the price of gold was up sharply to $1350/oz, making gold one of the best performing asset classes in the first half of 2016. However, Trump’s victory in late 2016 and the Indian government’s demonetization drive led to a fall in the price of gold. Post the 2017 period, the price of gold has broadly been fluctuating between $1100/oz and $1300/oz typically gaining in value whenever there is uncertainty in the markets and drifting lower whenever there is a positive movement in the equity markets. You will normally find that gold prices move negatively with the GDP growth rate because good and solid GDP growth makes equities a lot more attractive.

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