International Gold Prices

You may have seen in the press that gold prices fluctuated throughout 2016 and 2017. In the face of continuing political and economic uncertainty, investors have been flocking to buy gold as a more secure investment. In the first half of 2016, the price of gold in US dollars increased by 25%, the largest increase in the first half of any year since 1980. The increases seen in the price of gold in the first half of the year continued until October, when the US presidential election race created turmoil in the market. 2017 saw a recovery in the market and the upward trend has so far continued. Since January 2016, the average price of gold has risen from $1050 an ounce to around $1250 today.