2017
The average price of gold price increased by 1% to US$1,263/oz from US$1,246/oz in 2016. The strong gold price performance was a positive for investors and producers, and was symptomatic of a more profound shift in sentiment: a growing recognition of gold’s role as a wealth preservation and risk mitigation tool. This goes to the heart of our strategy to make gold a mainstream asset.
2016
The gold price grew by 8.6% to US$1,152/oz as at the end of 2016 from close price of US$1,061/oz as at the end of 2015 with an upward trend in the first half of 2016 picking in August at US$1,366/oz following a sharp decline throughout November and December. The average price of gold price increased by 10.3% to US$1,247/oz in 2016.
2015
The average price of gold price fell gradually throughout 2015, and ended the year down by 4.5% year-on-year from US$1,266/oz to US$1,160/oz.
2014
The gold price was relatively stable in comparison with 2013. The average gold price was US$1,266/oz in 2014.
2013
Bullion prices loses 29 percent during the year.
2012
The gold price started to decline since the end of 2012. The slump came as gold investors, including in Exchange Traded Funds, digested comments from the U.S. Federal Reserve that stoked fears about a scaling back of bond purchases, which have been a crucial support for gold prices.
2011
Gold price reaches record high due to unrest in Africa and the Middle East.
2008
Benchmark gold contract trades for over $1,000 for the first time.
2004
SPDR Gold Shares exchange traded fund launches
1973
Most major countries adopt floating exchange rates.
1971
United States abandons the gold standard.
1944
Bretton Woods conference creates the Gold Exchange Standard.
1870-1900
All major countries (except China) link their currency to gold.
1848
California gold rush.
1717
Britain links its currency to gold.
1511
King Ferdinand of Spain launches expeditions to the Americas.
1300
World's first hallmarking system established in London.
564 BC
Croesus creates the first international gold currency.
600 BC
Gold used in dentistry by the Etruscans.
2600 BC
First gold jewellery created in Mesopotamia.