Gold was one of the best performing major assets of 2020 thanks to a combination of: High economic risk, Low interest rates and positive price dynamics – especially in late spring and summer.
Gold also saw one of the smallest declines over the year, helping investors limit losses and manage volatility risk in their portfolios. In early August, the ounce of gold in London reached an all-time high of US$2,067.15 /oz, as well as in all other major currencies. While the price of gold subsequently consolidated below its intra-year high, it remained comfortably above US$1,850/oz, ending the year at US$1,887.60. /oz.
Interestingly, gold price performance in the second half of the year appears to be more related to demand for physical investment – whether in the form of gold ETFs or bars and coins – rather than via the more speculative futures market. Investor preference for physical commodities confirms that gold has been used by many as an asset.
| Month | Medium |
|---|---|
| January 2020 | $ 1,556.48 |
| February 2020 | $ 1,599.46 |
| March 2020 | $ 1,591.07 |
| April 2020 | $ 1,679.66 |
| May 2020 | $ 1,718.31 |
| June 2020 | $ 1,733.23 |
| July 2020 | $ 1,834.33 |
| August 2020 | $ 1,970.33 |
| September 2020 | $ 1,925.24 |
| October 2020 | $ 1,901.45 |
| November 2020 | $ 1,872.29 |
| December 2020 | $ 1,857.20 |
monthly historical gold prices for USD, Canadian dollar, Australian dollar, Indian rupees, and British pound for the year 2020, sourced from Investing.com. The prices are in USD per ounce.
| Month/Year | USD | CAD | AUD | INR | GBP |
|---|---|---|---|---|---|
| December 2020 | 1,892.90 | 2,417.90 | 2,665.05 | 139,606.70 | 1,405.66 |
| November 2020 | 1,773.10 | 2,329.45 | 2,489.70 | 131,096.72 | 1,335.18 |
| October 2020 | 1,878.90 | 2,476.33 | 2,740.70 | 138,324.24 | 1,401.17 |
| September 2020 | 1,863.20 | 2,445.11 | 2,721.60 | 136,360.97 | 1,466.49 |
| August 2020 | 1,970.50 | 2,645.75 | 2,905.23 | 146,974.13 | 1,524.27 |
| July 2020 | 1,980.00 | 2,671.96 | 2,957.66 | 148,951.20 | 1,551.48 |
| June 2020 | 1,768.00 | 2,397.38 | 2,727.60 | 133,363.90 | 1,400.69 |
| May 2020 | 1,728.40 | 2,426.08 | 2,945.67 | 128,368.24 | 1,408.34 |
| April 2020 | 1,684.10 | 2,362.58 | 2,775.08 | 125,361.57 | 1,317.56 |
| March 2020 | 1,591.20 | 2,232.67 | 2,598.50 | 117,766.71 | 1,282.16 |
| February 2020 | 1,643.50 | 2,187.51 | 2,625.87 | 118,451.95 | 1,271.54 |
| January 2020 | 1,584.20 | 2,092.21 | 2,443.16 | 112,678.06 | 1,214.19 |
| Gold Price in Pounds |
| Day | Max | Min | % var. |
|---|---|---|---|
| 31.12.2020 | 1.904,90 | 1.889,10 | +0.09% |
| 30.12.2020 | 1.899,00 | 1.879,50 | +0.56% |
| 29.12.2020 | 1.891,30 | 1.875,60 | +0.13% |
| 28.12.2020 | 1.904,10 | 1.873,00 | -0.15% |
| 24.12.2020 | 1.887,40 | 1.873,10 | +0.27% |
| 23.12.2020 | 1.883,70 | 1.860,90 | +0.42% |
| 22.12.2020 | 1.889,40 | 1.863,70 | -0.66% |
| 21.12.2020 | 1.912,00 | 1.859,00 | -0.32% |
| 18.12.2020 | 1.895,70 | 1.881,90 | -0.08% |
| 17.12.2020 | 1.902,00 | 1.865,90 | +1.68% |
| 16.12.2020 | 1.870,00 | 1.848,20 | +0.20% |
| 15.12.2020 | 1.859,30 | 1.828,50 | +1.27% |
| 14.12.2020 | 1.845,60 | 1.820,00 | -0.62% |
| 11.12.2020 | 1.851,80 | 1.826,80 | +0.34% |
| 10.12.2020 | 1.854,20 | 1.831,50 | -0.06% |
| 09.12.2020 | 1.875,90 | 1.828,20 | -1.94% |
| 08.12.2020 | 1.879,80 | 1.863,90 | +0.48% |
| 07.12.2020 | 1.873,00 | 1.824,80 | +1.41% |
| 04.12.2020 | 1.852,70 | 1.832,00 | -0.06% |
| 03.12.2020 | 1.847,40 | 1.826,70 | +0.60% |
| 02.12.2020 | 1.835,70 | 1.810,50 | +0.62% |
| 01.12.2020 | 1.821,10 | 1.778,40 | +2.13% |
| 30.11.2020 | 1.793,30 | 1.767,20 | -0.40% |
| 27.11.2020 | 1.822,60 | 1.776,50 | 0.00% |
| 26.11.2020 | 1.822,60 | 1.776,50 | -0.96% |
| 25.11.2020 | 1.816,30 | 1.798,60 | +0.05% |
| 24.11.2020 | 1.836,90 | 1.797,10 | -1.81% |
| 23.11.2020 | 1.875,00 | 1.828,00 | -1.85% |
| 20.11.2020 | 1.879,20 | 1.859,10 | +0.59% |
| 19.11.2020 | 1.872,60 | 1.850,00 | -0.66% |
| 18.11.2020 | 1.884,20 | 1.860,30 | -0.59% |
| 17.11.2020 | 1.892,70 | 1.876,30 | -0.14% |
| 16.11.2020 | 1.898,00 | 1.861,50 | +0.08% |
| 13.11.2020 | 1.895,80 | 1.872,10 | +0.69% |
| 12.11.2020 | 1.883,00 | 1.860,70 | +0.63% |
| 11.11.2020 | 1.882,50 | 1.853,90 | -0.79% |
| 10.11.2020 | 1.888,90 | 1.858,90 | +1.19% |
| 09.11.2020 | 1.966,10 | 1.848,00 | -4.99% |
| 06.11.2020 | 1.961,80 | 1.937,20 | +0.25% |
| 05.11.2020 | 1.954,30 | 1.902,20 | +2.67% |
| 04.11.2020 | 1.917,90 | 1.881,80 | -0.74% |
| 03.11.2020 | 1.912,20 | 1.887,60 | +0.95% |
| 02.11.2020 | 1.897,10 | 1.873,30 | +0.67% |
| 30.10.2020 | 1.890,90 | 1.863,30 | +0.64% |
| 29.10.2020 | 1.885,10 | 1.859,20 | -0.60% |
| 28.10.2020 | 1.912,60 | 1.869,10 | -1.71% |
| 27.10.2020 | 1.913,80 | 1.898,70 | +0.33% |
| 26.10.2020 | 1.911,10 | 1.892,50 | +0.03% |
| 23.10.2020 | 1.917,30 | 1.895,20 | +0.03% |
| 22.10.2020 | 1.929,40 | 1.894,20 | -1.29% |
| 21.10.2020 | 1.936,00 | 1.911,60 | +0.74% |
| 20.10.2020 | 1.917,60 | 1.896,60 | +0.19% |
| 19.10.2020 | 1.923,40 | 1.900,20 | +0.28% |
| 16.10.2020 | 1.918,70 | 1.901,10 | -0.13% |
| 15.10.2020 | 1.913,20 | 1.892,70 | +0.08% |
| 14.10.2020 | 1.917,50 | 1.885,00 | +0.67% |
| 13.10.2020 | 1.930,60 | 1.889,30 | -1.78% |
| 12.10.2020 | 1.939,40 | 1.923,80 | +0.14% |
| 09.10.2020 | 1.936,80 | 1.898,00 | +1.64% |
| 08.10.2020 | 1.905,30 | 1.885,30 | +0.23% |
| 07.10.2020 | 1.902,40 | 1.877,10 | -0.94% |
| 06.10.2020 | 1.927,00 | 1.878,20 | -0.59% |
| 05.10.2020 | 1.924,90 | 1.891,20 | +0.66% |
| 02.10.2020 | 1.923,60 | 1.895,20 | -0.45% |
| 01.10.2020 | 1.917,90 | 1.890,00 | +1.10% |
| 30.09.2020 | 1.908,20 | 1.885,80 | -0.40% |
| 29.09.2020 | 1.904,80 | 1.880,80 | +1.11% |
| 28.09.2020 | 1.888,20 | 1.851,10 | +0.86% |
| 25.09.2020 | 1.879,30 | 1.854,10 | -0.56% |
| 24.09.2020 | 1.880,90 | 1.851,00 | +0.45% |
| 23.09.2020 | 1.909,90 | 1.856,00 | -2.05% |
| 22.09.2020 | 1.925,50 | 1.898,90 | -0.16% |
| 21.09.2020 | 1.962,90 | 1.885,40 | -2.62% |
| 18.09.2020 | 1.968,20 | 1.951,10 | +0.63% |
| 17.09.2020 | 1.969,30 | 1.938,20 | -1.05% |
| 16.09.2020 | 1.983,80 | 1.957,20 | +0.22% |
| 15.09.2020 | 1.982,40 | 1.955,60 | +0.13% |
| 14.09.2020 | 1.972,50 | 1.945,20 | +0.81% |
| 11.09.2020 | 1.963,40 | 1.944,00 | -0.83% |
| 10.09.2020 | 1.975,20 | 1.948,60 | +0.48% |
| 09.09.2020 | 1.959,70 | 1.926,30 | +0.79% |
| 08.09.2020 | 1.937,40 | 1.909,00 | -0.19% |
| 07.09.2020 | 1.948,30 | 1.911,70 | +0.46% |
| 04.09.2020 | 1.956,60 | 1.921,60 | -0.18% |
| 03.09.2020 | 1.956,60 | 1.927,20 | -0.35% |
| 02.09.2020 | 1.980,40 | 1.938,90 | -1.73% |
| 01.09.2020 | 2.001,20 | 1.969,20 | +0.02% |
| 31.08.2020 | 1.985,80 | 1.962,30 | +0.19% |
| 28.08.2020 | 1.983,00 | 1.928,20 | +2.19% |
| 27.08.2020 | 1.987,00 | 1.914,70 | -1.02% |
| 26.08.2020 | 1.963,40 | 1.908,40 | +1.53% |
| 25.08.2020 | 1.944,10 | 1.919,10 | -0.83% |
| 24.08.2020 | 1.970,30 | 1.930,80 | -0.40% |
| 21.08.2020 | 1.963,10 | 1.916,60 | +0.03% |
| 20.08.2020 | 1.963,10 | 1.928,90 | -1.21% |
| 19.08.2020 | 2.015,60 | 1.930,50 | -2.13% |
| 18.08.2020 | 2.024,60 | 1.985,20 | +0.72% |
| 17.08.2020 | 2.000,80 | 1.939,10 | +2.51% |
| 14.08.2020 | 1.970,00 | 1.939,10 | -1.05% |
| 13.08.2020 | 1.974,80 | 1.923,00 | +1.10% |
| 12.08.2020 | 1.961,00 | 1.874,20 | +0.14% |
| 11.08.2020 | 2.040,50 | 1.911,30 | -4.58% |
| 10.08.2020 | 2.060,80 | 2.027,80 | +0.58% |
| 07.08.2020 | 2.089,20 | 2.024,80 | -2.00% |
| 06.08.2020 | 2.081,80 | 2.049,00 | +0.98% |
| 05.08.2020 | 2.070,30 | 2.027,50 | +1.40% |
| 04.08.2020 | 2.037,70 | 1.982,60 | +1.75% |
| 03.08.2020 | 2.009,50 | 1.975,20 | +0.02% |
| 31.07.2020 | 2.005,40 | 1.971,40 | +0.97% |
| 30.07.2020 | 1.987,30 | 1.952,30 | +0.69% |
| 29.07.2020 | 1.974,90 | 1.935,20 | +0.45% |
| 28.07.2020 | 1.974,70 | 1.900,20 | +0.70% |
| 27.07.2020 | 1.941,90 | 1.899,00 | +1.77% |
| 24.07.2020 | 1.904,60 | 1.880,50 | +0.40% |
| 23.07.2020 | 1.897,70 | 1.863,10 | +1.34% |
| 22.07.2020 | 1.871,80 | 1.842,10 | +1.15% |
| 21.07.2020 | 1.844,90 | 1.817,20 | +1.46% |
| 20.07.2020 | 1.823,40 | 1.806,60 | +0.41% |
| 17.07.2020 | 1.813,90 | 1.795,20 | +0.54% |
| 16.07.2020 | 1.816,20 | 1.794,10 | -0.74% |
| 15.07.2020 | 1.819,50 | 1.804,00 | +0.02% |
| 14.07.2020 | 1.815,00 | 1.791,10 | -0.04% |
| 13.07.2020 | 1.818,80 | 1.802,10 | +0.68% |
| 10.07.2020 | 1.817,00 | 1.796,50 | -0.11% |
| 09.07.2020 | 1.825,50 | 1.799,60 | -0.92% |
| 08.07.2020 | 1.829,80 | 1.803,80 | +0.59% |
| 07.07.2020 | 1.810,80 | 1.781,20 | +0.61% |
| 06.07.2020 | 1.801,60 | 1.788,60 | +0.31% |
| 03.07.2020 | 1.799,00 | 1.779,20 | +0.20% |
| 02.07.2020 | 1.791,70 | 1.766,30 | +0.57% |
| 01.07.2020 | 1.807,70 | 1.767,90 | -1.14% |
| 30.06.2020 | 1.804,00 | 1.774,80 | +1.08% |
| 29.06.2020 | 1.790,40 | 1.776,50 | +0.05% |
| 26.06.2020 | 1.786,20 | 1.754,00 | +0.55% |
| 25.06.2020 | 1.779,60 | 1.764,10 | -0.25% |
| 24.06.2020 | 1.796,10 | 1.770,60 | -0.39% |
| 23.06.2020 | 1.786,80 | 1.758,30 | +0.88% |
| 22.06.2020 | 1.779,00 | 1.753,50 | +0.76% |
| 19.06.2020 | 1.760,90 | 1.728,30 | +1.27% |
| 18.06.2020 | 1.749,20 | 1.722,70 | -0.26% |
| 17.06.2020 | 1.739,30 | 1.717,30 | -0.05% |
| 16.06.2020 | 1.741,30 | 1.721,80 | +0.54% |
| 15.06.2020 | 1.743,80 | 1.706,20 | -0.58% |
| 12.06.2020 | 1.753,00 | 1.728,20 | -0.14% |
| 11.06.2020 | 1.754,90 | 1.727,50 | +1.11% |
| 10.06.2020 | 1.749,40 | 1.714,10 | -0.07% |
| 09.06.2020 | 1.729,40 | 1.697,60 | +0.99% |
| 08.06.2020 | 1.707,60 | 1.680,70 | +1.31% |
| 05.06.2020 | 1.723,20 | 1.671,70 | -2.57% |
| 04.06.2020 | 1.729,00 | 1.698,90 | +1.33% |
| 03.06.2020 | 1.738,90 | 1.690,30 | -1.68% |
| 02.06.2020 | 1.757,00 | 1.728,00 | -0.93% |
| 01.06.2020 | 1.761,00 | 1.737,60 | -0.08% |
| 29.05.2020 | 1.754,50 | 1.725,30 | +1.35% |
| 28.05.2020 | 1.743,70 | 1.720,00 | +1.03% |
| 27.05.2020 | 1.713,20 | 1.684,20 | -0.38% |
| 26.05.2020 | 1.745,60 | 1.711,30 | +0.69% |
| 25.05.2020 | 1.737,20 | 1.700,00 | -1.72% |
| 22.05.2020 | 1.742,00 | 1.722,50 | +0.79% |
| 21.05.2020 | 1.751,70 | 1.715,30 | -1.72% |
| 20.05.2020 | 1.757,60 | 1.744,00 | +0.37% |
| 19.05.2020 | 1.751,60 | 1.727,20 | +0.65% |
| 18.05.2020 | 1.775,80 | 1.729,30 | -1.25% |
| 15.05.2020 | 1.761,20 | 1.736,80 | +0.88% |
| 14.05.2020 | 1.746,50 | 1.716,00 | +1.43% |
| 13.05.2020 | 1.726,50 | 1.701,60 | +0.56% |
| 12.05.2020 | 1.716,70 | 1.693,50 | +0.52% |
| 11.05.2020 | 1.713,80 | 1.692,10 | -0.93% |
| 08.05.2020 | 1.735,50 | 1.703,10 | -0.69% |
| 07.05.2020 | 1.733,20 | 1.683,90 | +2.21% |
| 06.05.2020 | 1.716,60 | 1.683,00 | -1.29% |
| 05.05.2020 | 1.717,80 | 1.695,40 | -0.16% |
| 04.05.2020 | 1.726,00 | 1.700,30 | +0.73% |
| 01.05.2020 | 1.714,40 | 1.676,00 | +0.40% |
| 30.04.2020 | 1.737,00 | 1.687,50 | -1.12% |
| 29.04.2020 | 1.733,50 | 1.708,20 | -0.51% |
| 28.04.2020 | 1.731,90 | 1.704,10 | -0.09% |
| 27.04.2020 | 1.745,80 | 1.720,00 | -0.68% |
| 24.04.2020 | 1.760,20 | 1.725,40 | -0.56% |
| 23.04.2020 | 1.764,20 | 1.730,60 | +0.41% |
| 22.04.2020 | 1.742,40 | 1.695,40 | +2.99% |
| 21.04.2020 | 1.718,00 | 1.666,20 | -1.37% |
| 20.04.2020 | 1.718,40 | 1.685,00 | +0.73% |
| 17.04.2020 | 1.738,80 | 1.691,20 | -1.90% |
| 16.04.2020 | 1.768,00 | 1.722,60 | -0.49% |
| 15.04.2020 | 1.759,80 | 1.731,60 | -1.62% |
| 14.04.2020 | 1.788,80 | 1.747,10 | +0.43% |
| 13.04.2020 | 1.772,80 | 1.724,20 | +0.49% |
| 09.04.2020 | 1.754,50 | 1.676,50 | +4.07% |
| 08.04.2020 | 1.695,80 | 1.670,70 | +0.04% |
| 07.04.2020 | 1.742,60 | 1.672,00 | -0.60% |
| 06.04.2020 | 1.715,80 | 1.638,20 | +2.93% |
| 03.04.2020 | 1.652,80 | 1.624,40 | +0.49% |
| 02.04.2020 | 1.645,60 | 1.595,20 | +2.91% |
| 01.04.2020 | 1.612,40 | 1.576,00 | -0.33% |
| 31.03.2020 | 1.645,60 | 1.588,20 | -2.84% |
| 30.03.2020 | 1.673,60 | 1.632,00 | -0.66% |
| 27.03.2020 | 1.661,00 | 1.630,70 | +0.18% |
| 26.03.2020 | 1.672,50 | 1.611,00 | +1.09% |
| 25.03.2020 | 1.699,30 | 1.615,20 | -1.65% |
| 24.03.2020 | 1.698,00 | 1.560,50 | +5.95% |
| 23.03.2020 | 1.569,30 | 1.484,60 | +5.59% |
| 20.03.2020 | 1.519,40 | 1.457,50 | +0.36% |
| 19.03.2020 | 1.502,80 | 1.460,10 | +0.09% |
| 18.03.2020 | 1.547,00 | 1.473,30 | -3.14% |
| 17.03.2020 | 1.554,30 | 1.465,60 | +2.64% |
| 16.03.2020 | 1.574,80 | 1.450,90 | -1.99% |
| 13.03.2020 | 1.597,90 | 1.504,00 | -4.63% |
| 12.03.2020 | 1.651,00 | 1.560,40 | -3.17% |
| 11.03.2020 | 1.671,80 | 1.632,40 | -1.08% |
| 10.03.2020 | 1.681,30 | 1.641,10 | -0.92% |
| 09.03.2020 | 1.704,30 | 1.658,00 | +0.20% |
| 06.03.2020 | 1.692,80 | 1.642,40 | +0.26% |
| 05.03.2020 | 1.675,50 | 1.635,60 | +1.52% |
| 04.03.2020 | 1.654,30 | 1.632,60 | -0.09% |
| 03.03.2020 | 1.650,50 | 1.585,90 | +3.11% |
| 02.03.2020 | 1.612,10 | 1.576,30 | +1.79% |
| 28.02.2020 | 1.651,00 | 1.564,00 | -4.61% |
| 27.02.2020 | 1.662,50 | 1.636,70 | -0.04% |
| 26.02.2020 | 1.657,10 | 1.626,60 | -0.42% |
| 25.02.2020 | 1.666,70 | 1.627,00 | -1.59% |
| 24.02.2020 | 1.691,70 | 1.652,80 | +1.69% |
| 21.02.2020 | 1.652,10 | 1.621,60 | +1.75% |
| 20.02.2020 | 1.626,50 | 1.606,60 | +0.54% |
| 19.02.2020 | 1.615,90 | 1.602,40 | +0.51% |
| 18.02.2020 | 1.608,20 | 1.581,80 | 0.00% |
| 17.02.2020 | 1.608,20 | 1.581,80 | +1.08% |
| 14.02.2020 | 1.588,20 | 1.576,00 | +0.48% |
| 13.02.2020 | 1.581,70 | 1.568,50 | +0.46% |
| 12.02.2020 | 1.573,60 | 1.564,40 | +0.10% |
| 11.02.2020 | 1.577,50 | 1.565,20 | -0.60% |
| 10.02.2020 | 1.580,50 | 1.571,50 | +0.39% |
| 07.02.2020 | 1.577,80 | 1.563,50 | +0.22% |
| 06.02.2020 | 1.571,90 | 1.556,00 | +0.46% |
| 05.02.2020 | 1.566,20 | 1.551,10 | +0.47% |
| 04.02.2020 | 1.584,50 | 1.552,80 | -1.70% |
| 03.02.2020 | 1.598,50 | 1.573,20 | -0.35% |
| 31.01.2020 | 1.595,50 | 1.575,00 | -0.08% |
| 30.01.2020 | 1.590,70 | 1.576,80 | +1.20% |
| 29.01.2020 | 1.577,70 | 1.562,00 | +0.04% |
| 28.01.2020 | 1.582,20 | 1.564,60 | -0.48% |
| 27.01.2020 | 1.588,40 | 1.575,30 | +0.35% |
| 24.01.2020 | 1.575,50 | 1.555,80 | +0.42% |
| 23.01.2020 | 1.567,50 | 1.551,30 | +0.56% |
| 22.01.2020 | 1.559,80 | 1.550,00 | -0.26% |
| 21.01.2020 | 1.571,40 | 1.549,20 | +0.19% |
| 20.01.2020 | 1.568,80 | 1.546,00 | -0.15% |
| 17.01.2020 | 1.561,40 | 1.549,30 | +0.63% |
| 16.01.2020 | 1.558,20 | 1.548,00 | -0.23% |
| 15.01.2020 | 1.558,80 | 1.546,50 | +0.61% |
| 14.01.2020 | 1.549,50 | 1.536,40 | -0.39% |
| 13.01.2020 | 1.563,10 | 1.547,00 | -0.61% |
| 10.01.2020 | 1.564,10 | 1.546,70 | +0.37% |
| 09.01.2020 | 1.562,40 | 1.541,00 | -0.38% |
| 08.01.2020 | 1.613,30 | 1.553,40 | -0.90% |
| 07.01.2020 | 1.579,20 | 1.557,00 | +0.35% |
| 06.01.2020 | 1.590,90 | 1.562,30 | +1.06% |
| En 2023 | Máximo: 2.089,20 | 1.780,13 | + 22,08% |
Gold Price Rally in August 2020.
The average price for gold in August 2020 was $ 1,970.33 an ounce. The lowest was $ 1,913.98 an ounce while the highest was $ 2,063.01 an ounce. Average gold price in 2020 was $1,773.73.
One of the key drivers of the recent gold price rally was the ongoing coronavirus pandemic, which has created a great deal of uncertainty and instability around the world. With governments and central banks pumping vast sums of money into their economies in an effort to prop up growth, investors are becoming increasingly concerned about the future value of currencies like the US dollar.
Another factor contributing to the recent gold price rally was the US-China trade tensions, which have escalated in recent months. The trade war between the world’s two largest economies has raised concerns about the stability of the global economy and led many investors to seek safe haven assets like gold.
In addition to these factors, the recent economic data releases, which showed that the US economy is still recovering from the pandemic-induced recession, also contributed to the rally in gold prices. As investors continue to look for stability in an uncertain world, the demand for gold is likely to remain strong in the coming months.
Despite the recent rally in the price of gold, analysts are cautious about the long-term outlook for the metal. While gold has performed well in recent months, it remains a highly volatile asset, and its price can be subject to sudden and significant swings.
Overall, the recent rally in the gold price highlights the ongoing uncertainties and risks in the global economy and the importance of having a diversified investment portfolio. Whether or not the price of gold will continue to rise in the coming months remains to be seen, but for now, it remains an important safe haven asset for many investors.