Gold is precious metal used to make jewelry and is often found in the form of bars and coins.
Gold prices tend to fluctuate significantly as a result of a number of factors including supply and demand.
While gold has been around since at least the beginning of recorded history, it has experienced a dramatic fall in price over the last few years, with a price drop averaging about 15% per year.
For the last 15 years, gold has traded between $1,000 and $1.5 million per ounce.
In recent years, the price of gold has decreased about 30%, and the price per ounce of gold is now around $15, according to the gold website, Gold Price History.
It’s a big drop from $14,700 in the last 10 years, but gold prices are expected to stabilize in the near future, according the price chart below.
A chart of the gold price history shows that gold prices have been on a downward trajectory for the last five years.
Gold price history in U.S. dollars from the Bureau of Labor Statistics, via the Commodity Futures Trading Commission.
Source: Gold Price Data, U..
S Bureau of the Census, U, and S. Treasury, U., and S, Department of Commerce