How Do You Read a 10-Year Gold Price Chart?


Quick Answer

To read 10-year gold price history charts, watch the rise and fall of the line as it moves from left to right. Across the bottom of the chart, you see a line for each of the past 10 years. Up the left side of the chart, you see gold prices.

Continue Reading
How Do You Read a 10-Year Gold Price Chart?
Credit: artpartner-images Photographer's Choice Getty Images

Full Answer

The gold prices on the left side of the chart go from low to high. Looking at where the line graph of the actual price is at different points in time on the chart shows you where the price was at that point in time. According to the history chart published by eBullionGuide.com, the most recent high in the price of gold occurred in the summer of 2011, when prices got as high as $1900.39 per ounce. The lowest point, as of 2015, was almost 10 years ago in April of 2005, when $415.10 bought 1 ounce of gold.

One theory holds that available interest rates in savings drive the price of gold down, because gold doesn't offer a yield in the same way that an interest-bearing investment does. However, the fact that gold has developed a more international footprint makes its price less dependent on economic decisions by some of the major countries in the West. Since 1976, gold has brought an average annualized return of 7.5 percent, making it a viable tool in an investment portfolio.

Learn more about Business Resources
Related Videos

Related Questions