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Gold Prices

July 31, 2007 by WendyB


If you’ve experienced some sticker shock while shopping for fine jewelry, there’s a good reason. At the beginning of this decade, gold was trading below $300 an ounce. Since then, prices have soared. Last year, gold reached a 26-year high of $732 an ounce. This year hasn’t been quite as bad, with a trading range between $600 and $700. There are numerous reasons behind this increase, including high demand in Asia and India; lower production; and gold’s reputation as a “safe haven” in times of political uncertainty. While silver remains much cheaper, it too has more than doubled in price in the ’00 years. I monitor daily metal prices on Kitco.com. They also have excellent historical graphs and data.

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Filed Under: Business, price of gold

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Award-winning designer of fine jewelry inspired by women's history and pop culture. A former journalist who writes about jewelry, fashion, medieval history, news, feminism, dogs, cats and whatever else is on her mind. Blogging since 2007.
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Original jewelry designs, photos and text are © Wendy Brandes 2007-2016. All rights reserved.

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