Analysts predict further price increases, anticipating that in the upcoming months, the price may surpass the $3,000 mark. Let’s examine the dynamics of the changes in the value of this precious metal over the past two decades.
In December 2005, gold reached a peak of $509 per ounce. The following year, in May 2006, its price rose to $676. By November 2007, it had reached $808, and by March 2008, an ounce cost $971.
Gold first crossed the $1,000 threshold in October 2009, and by the end of the year, its value had risen to $1,135. Throughout 2010, the price continued to climb, approaching $1,400.