Price of Gold in 2021

Gold prices in 2021 saw their biggest annual decline since 2015 as investors braced for a new year of tight money supply and the ongoing threat of the Omicron coronavirus.

The charts below show the 2021 Gold Prices and the movement of spot prices throughout the year.

Gold Prices 2021 Chart

What Impacted Gold Prices in 2021?

Gold prices in 2021 decreased from $1893 an ounce on January 1, to $1827 on December 31 2021.

The price of gold was affected by

•   a rising US dollar
•   the vaccine deployment lowering investor anxieties
•   increased economic growth expectations
•   rising inflation rates
•   resumed decrease in real bond yields
•   the strength of digital assets, such as Bitcoin

Annual demand rebounded across all sectors in 2021, with gold demand particularly prominent in the fourth quarter – increasing 50% to a 10-quarter high. Demand in 2021 recouped a significant portion of the COVID-related losses experienced in 2020.

Demand for gold in the consumer-driven jewelry and technology industries rebounded in tandem with economic development and optimism, while central bank purchases significantly exceeded those of 2020.

Bar and coin investment increased 31% to 1,180 tons, the highest level in eight years. And central banks accumulated 463 tons of gold, an increase of 82% above the 2020 amount and a nearly 30-year peak for world reserves.

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.

How Much Gold is There in The World?

In total, it’s believed just under 250,000 tons of gold have been mined throughout history, with most of this coming from operations beginning after 1950. Three countries have contributed significantly to that gold supply: China, Australia, and South Africa, with America fourth. Interestingly,

•   Given that gold is virtually impossible to destroy, the vast majority of those 250,000 tons still exist in some form.
•   The whole amount of gold found so far could fit inside a cube measuring 23 meters on each side.
•   Most gold produced today is used in the jewelry industry, but the metal also serves crucial purposes in many other items, including computers, communications devices, spaceships, and jet aircraft engines.

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Adding pure Gold bars or Gold bullion to your assets is one of the best ways to diversify your investments and protect your future. When you buy from CanAm Bullion, you can rest assured you’re getting the best quality gold from the world’s most reputable producers and mints.

Our goal is to make sure you’re satisfied with your bullion purchase. Your order will be delivered to your home safely and securely at a fair price. Why not contact our team of specialists today to discuss your investment opportunities? Alternatively, shop on our website today if you’re ready to invest.