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Gold is on track to reach our $1700 target earlier than expected – the breakout in miners confirms.
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
Gold prices (US$ 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.
The gold futures contract gained 0.48% on Thursday, as it extended Wednesday’s advance of 0.6%.
Due to wartime emergencies and government controls, the London gold fixing was suspended between 1939 and 1954, when the London gold market was closed. 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.
Once gold bottoms, we expect an advance to $1600+ in the first quarter of next year. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...
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.
Right now gold is 0.4% lower, as it continues to trade below $1,900 price level. What about the other precious metals? Daily Gold News: Thursday, June 10 – Gold Lower Ahead of Inflation Data
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