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Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
"An important corollary is the rate at which central banks worldwide have been acquiring gold, purchasing record amounts for the last 2.5 years, while the use of dollars in world trade has diminished.
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US , for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production.
This week's record high means that the price of gold has climbed hundreds of dollars per Troy ounce over the last year. The spot price of gold closed Tuesday at just over $2,514 per Troy ounce ...
MeasuringWorth is a free online service to calculate relative economic value over time using price indexes. It has data sets, charts, and comparators for prices in several currencies and economic time series for stock markets and the price of gold. The site's comparisons over time were used in over 200 academic works each year in 2018 and 2019. [1]
Global central banks have been on a gold-buying spree over the past few years. According to the World Gold Council, central banks purchased a record 483 tons of gold in the first half of the year.
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