Showing posts with label GOLD PRICE. Show all posts
Showing posts with label GOLD PRICE. Show all posts

Friday, October 2, 2009

GOLD PRICE



In March 2008, the gold price reached above $1000, achieving an all-time nominal high of $1004.38, which in real terms was still well below the $850 peak in 1980. It then fell, going as low as $712.30 in November, then resumed its upward trend, temporarily breaking the $1000 barrier again in late February 2009 and a third time in early September the same year. After fluctuation around the USD$1000.00 mark in mid-September 2009, U.S. gold markets closed holding steadily at USD$1004.90. Later in the same month, gold peaked at the 2nd-highest dollar trading mark in history at USD$1023.30. Pricing declined moderately in late September 2009, falling back to USD$991.70 for the week ending on September 25, 2009. An intraday record price of USD$1033.90 was reached in March of 2008, numerically the highest to-date.