Gold heads for new record

Gold is on the brink of challenging the $1,800 an ounce mark – a move toward a new record price – as the coronavirus pandemic pushes demand for safe-haven assets


Gold futures on Comex exchange (US$ per ounce)

Sep 6, 2011: Futures peak at record $1,923.70 following global economic crisis of 2008-09

Sep 2012: $1,794.80

Dec 22, 2013: $1,218.50
As U.S. and global economies recover, investors abandon gold for equities and bonds which pay dividends and coupons – annual interest

Dec 2015: $1,098.80

Jun 24 2016: Gold soars to $1,322.40 after UK delivers shock vote to leave European Union

Sep 2018: $1,198.70
Bullion rallies as U.S. President Donald Trump escalates trade war with China and quits Iran nuclear deal

Jun 24, 2020: As resurgence of virus in U.S. fans demand, gold for August delivery opens
at $1,784.40

2,000
1,500
1,000
500
0	
	2011 12 13 14 15 16 17 18 19 20 


Sources: Bloomberg, Comex, GoldHub, MacroTends
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