Q:
What Was the Highest Price on Gold in the History of Commodities Exchange?
A:
Quick Answer
In August of 2011, the price of gold surpassed $1900 an ounce, the highest price ever recorded for one ounce of gold. Prices that year continued to hover around $1800-$1900 an ounce but were unable to eclipse the record high.
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Since the record high, gold prices have trended downward. As of 2015, the current price of an ounce of gold holds steady at $1200-$1300 an ounce. During the record high, many investors who tracked gold at the time were fearful of a market bubble. As many investors predicted, the price of gold could not maintain support at $1900 an ounce, and prices have fallen since.
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