What year was gold the cheapest?

What year was gold the cheapest?

2000
According to the chart, US dollar gold prices and values were cheapest in the year 2000 and most expensive in late January 1980.

What was the price of gold in 1940?

Gold Prices by Year

Year	Gold Prices (London PM Fix)	Dow Closing (December 31)
1939	$34.42	150.24
1940	$33.85	131.13
1941	$33.85	110.96
1942	$33.85	119.40

When was gold $500 an ounce?

December 1987
* November 2005 – Spot gold breaches $500 for the first time since December 1987, when spot hit $502.97.

Why did gold prices spike in 1980?

But a dramatic spike and fall in gold prices were caused due to a combination of extreme geo-political events (Russian invasion of Afghanistan in Dec 1979, Iran hostage crisis) and strong and unconventional policy actions and market events (the Fed under Volcker increased fed funds rate from 13% to 20% for a short …

When did the price of gold go up?

gold price has changed only four times from 1792 to the present. Starting at $19.75 per troy ounce, raised to $20.67 in 1834, and $35 in 1934. In 1972, the price was raised to $38 and then to $42.22 in 1973. A two-tiered pricing system was created in 1968, and the market price for gold has been free to fluctuate since then as the table below shows.

What was the price of gold in 1990?

Over 200 years of historical annual Gold Prices Year Close % change Year % change 2011 $1,531.00 7.80% 1990 -5.75% 2010 $1,420.25 30.60% 1989 22.54% 2009 $1,087.50 25.04% 1988 0.28% 2008 $869.75 3.97% 1987 -0.28%

What was the price of gold in 1834?

The official U.S. Government gold price has changed only four times from 1792 to the present. Starting at $19.75 per troy ounce, raised to $20.67 in 1834, and $35 in 1934. In 1972, the price was raised to $38 and then to $42.22 in 1973.

What was the price of gold in 1938?

Over 200 years of historical annual Gold Prices Year Close Year Close Year 1954 $35.25 1940 $34.50 1926 1953 $35.50 1939 $35.00 1925 1952 $38.70 1938 $35.00 1924 1951 $40.00 1937 $35.00 1923