Analysts predict further price increases, anticipating that in the coming months the price may exceed the $3,000 mark. Let's examine the dynamics of the value changes 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 climbed to $808, and by March 2008, an ounce was priced at $971.
Gold first crossed the $1,000 mark only in October 2009, and by the end of the year, its value had reached $1,135. Throughout 2010, the price continued to rise, approaching $1,400.