Price of Gold in 2019

Gold bullion had a positive 2019, with the price of gold increasing from $1279 to $1474 across the year – an increase of more than 15%.

Using the charts below, you can see the Gold Prices for 2019 and the fluctuation of spot prices during the year.

Gold Prices 2019 Chart

What Impacted Gold Prices in 2019?

Fears of a U.S. recession and the corresponding dovish U-turn within the Fed (which resulted in three cuts to the federal funds rate after four hikes in 2018), were the key drivers of gold’s success in 2019.

US government bonds and gold both gained value due to recessionary concerns, and there appeared to be a higher correlation between gold and real interest rates in 2019 – the top in gold prices coincided with the bottom in bond yields.

Towards the end of the year, comments made by President Trump regarding the progress of the trade agreement with China led to another increase in the price of gold. He suggested that a trade agreement may wait until after the election, which frightened investors and fueled fears the two countries would be unable to agree. As a result, many sought financial security and went straight to gold sales.

Daily Gold Prices (Chart)

To find the daily prices for Gold in this year, use the date filters in the chart above.

The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data.

What Makes Gold a Good Investment?

Investors typically look for three things – stability, marketability, and return on investment. Gold offers all three of these, and it is a haven in times of uncertainty.

Investment returns in gold have historically tracked the rate of inflation very closely – it expected to grow in value faster than the rate of inflation.

Gold’s value has made it a popular choice for centuries – with ancient civilizations using the precious metal in coinage and jewelry.

As paper currencies were created, the notes were designed to equate to a certain quantity of gold. Though no longer the case, the historical significance of gold to our financial system keeps this commodity precious.

Buy Gold Online with CanAm

CanAm can help you diversify your gold holdings by providing pure Gold bars or Gold bullion from the highest quality producers and mints worldwide.

Our prices are fair and reasonable, and our in-house customer service team will do their best to meet your needs promptly and professionally. Feel free to contact us anytime with your inquiries or concerns, or start shopping today.