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.
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.
