22 March 2016: Unlike most investment classes, gold is perceived to have a value that is beyond paper currency, coins or other assets. Its value fluctuates depending on geopolitical and financial uncertainty, the value of the US dollar and demand and supply.
However, like all other asset classes, the price of gold can fluctuate. Over the last 30 years the record high of $507 per oz, following the Black Monday market crash in October 1987, was not beaten until gold raced to $701 in 2006 and then the $1219 top in 2009, but those highs were eclipsed spectacularly with the financial crisis taking gold to its all time record of $1,912 in August 2011.
22 March 2016: Unlike most investment classes, gold is perceived to have a value that is beyond paper currency, coins or other assets. Its value fluctuates depending on geopolitical and financial uncertainty, the value of the US dollar and demand and supply.
However, like all other asset classes, the price of gold can fluctuate. Over the last 30 years the record high of $507 per oz, following the Black Monday market crash in October 1987, was not beaten until gold raced to $701 in 2006 and then the $1219 top in 2009, but those highs were eclipsed spectacularly with the financial crisis taking gold to its all time record of $1,912 in August 2011.
Find out more about commodities trading: https://www.ig.com/uk/commodities-tra…
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