Gold is the most popular commodity and is very active in trading. Whenever the global economic downturn or the world political turmoil, gold prices are often excellent as a safe-haven asset. For those who want to get involved in gold, they may want to know: How much is the highest and lowest gold in history? Let’s give you a brief introduction.
Combining relevant information from foreign English websites, we learned that the period from 1973 to 2020:
1. the lowest price in the history of gold is:
In January 1973, the price was $65/oz.
2. The highest price in the history of gold is:
In 2011 (September-November), the price was in the $1700-$1920/oz range.
3. the latest price of gold:
As of July 26, 2020, the latest price for gold is$1,902/oz. Gold prices are soaring in 2020 as a result of the global outbreak of corona virus (COVID-19). The current price is very close to the historical high, if the trend develops, 2020, gold prices are expected to break through the historical high, forming a new high.
As for why gold’s all-time high came in 2011, it is generally believed to have been due to the then euro debt crisis of 2011 and worsening inflation.
In addition, according to the relevant information, if dating back to the earlier 1792, gold’s all-time lowest price was: $19.39.