Gold prices experienced significant fluctuations over the past year.
In December 2023, the price ranged from about $2,010 to $2,152, closing the month near $2,072. Moving into early 2024, gold showed relative stability, with prices hovering between $2,000 and $2,100 for several weeks.
A notable surge occurred starting mid-March 2024, where prices rose sharply from around $2,185 to reach an all-time high of about $2,500 by early April. This bullish trend peaked with gold hitting $2,563 on March 22, before continuing to rise toward $2,800 in mid-April.
From late April through June 2024, gold prices fluctuated slightly, generally maintaining a range between $2,300 and $2,400. A major spike occurred in early July, with prices climbing to about $2,481.
In August, gold prices remained strong, holding steady around the $2,500 mark before peaking at $2,548. Prices dipped slightly in September and early October 2024, with gold falling to the low $2,600 range largely affected by stronger dollar performance and changing expectations about Federal Reserve interest rate cuts.
As of October 8, 2024, gold was stabilizing again in the low $2,600 range after significant volatility through September and early October.
