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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
Note: $20.67 was officially convertible into a troy ounce of gold from Mar 1900 until Jan 1934, then $35 per troy until Aug 1971 ("en:Nixon Shock"). Rather than use the official values, I opted instead to use historical London prices and dollar-pound exchange rates—partly to make the chart a bit more "interesting", and also to reflect natural ...
The United States weaned itself off the gold standard in the 1970s, allowing the price of gold to float. The price of gold went from a set exchange rate of $42.22 per troy ounce in 1973 to almost $200 per ounce in 1976. [9] [verification needed] Price of gold 1915-2022
The precious metal has been breaking price records all year, reaching an all-time high of $2,672 per ounce in September. With gold prices soaring, ... gold [will hit] $2,850 per ounce in 2024 ...
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On 21 January 1980 the gold fixing reached the price of $850, a figure not surpassed until 3 January 2008 when a new record of $865.35 per troy ounce was set in the a.m. fixing. However, when indexed for inflation, the 1980 high corresponds to a price of $2,305.18 in 2011 dollars, [ 3 ] thus the 1980 record still holds in real terms .
Goldman Sachs predicts gold will reach more than $3,000 an ounce in 2025, ... the site of the worst nuclear accident in U.S. history. ... Chart shows change in stock prices for utility companies.
The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.