Raising the Bar

In 2011, a long bull run on precious metals peaked with gold at over US$1,800 per ounce.

It dropped close to $1,000 by 2016. Prices started rising in late 2018, reaching about $1,600 when the pandemic hit.

The price of gold soared over $2,000 in August, before dropping to its current level of about $1,700.

The price of the other most traded precious metal, silver, had been dropping consistently for nine years before the pandemic struck; since then it’s risen from just under $12 to over $25.