Free live weekly and monthly gold price charts for investors.
For shorter term gold charts go to Daily & Intraday Gold Charts.
These live historical charts of the gold spot price are ideal to study the gold market. Easily spot all the long-term gold trends.
You can personalize the gold charts by adding your preferred technical indicators such as moving averages, trend lines and much more . By hovering your mouse over the chart you can zoom in and out and scroll left or right.
Note: max 3 different indicators per chart for free.
Gold Price Chart – Monthly Candlesticks (51+ years)
Gold Price Chart – Weekly Candlesticks
Information for Gold Investors
Why buy and invest in Gold?
Gold is highly liquid, it is no one’s liability, carries no credit risk, is scarce, and has historically preserved its value over time.
Gold is traditionally considered a safe haven asset, or a hedge in financial terms, because it often moves in the opposite direction (negative correlation) of other assets like currencies, stocks and bonds. When the price of these assets drops, gold will tend to rise and vice versa.
Some of the main reasons to buy gold:
- As an inflation hedge. Gold tends to rise during periods of inflation and even when inflation is anticipated.
- The gold price especially rises in an environment of negative real interest rates. A negative real interest means that the inflation rate is higher than the nominal interest rate.
- As a hedge against geopolitical instability and crisis. Fear often pushed gold prices higher.
- Protection against weakness of the U.S. Dollar – The dollar and gold are inversely correlated, when the dollar rises, gold price falls, and vice versa.
- To diversify your portfolio.
- As a store of wealth
- To speculate.
- As golden jewellery gifts, e.g. marriage.
Global Gold Supply
The largest part of yearly gold supply comes from mine production, typically 75% each year.
The other 25% gold supply comes from recycling: ca. 90% from jewellery and ca. 10% from technology.
Global Gold Demand
The world’s largest single consumer of gold is India, accounting for nearly 25% of all gold purchased every year. In India, gold is primarily used to make jewellery.
The second largest gold consumer is China, purchasing 24%.
On average the distribution of global gold demand by industry is the latest years as follows:
- ca. 48% for the production of gold jewellery
- ca. 29% for gold investments:
– 20% for physical gold bars & coins
– and 9% for gold ETFs and gold related mutual funds
- ca. 15% for central banks: they buy gold to increase their official reserves
- ca. 8% for use in the technology sector, e.g. electronics, medicine,..
How much gold has been mined?
The best estimates currently available suggest that around 201,296 tonnes of gold has been mined throughout history (source: World Gold Council – February 1, 2021).
The total above-ground gold stocks are distributed as follows:
- ca. 46,3 Jewellery
- ca. 22,0% Private investing
- ca. 17,0 % Official holdings (gold reserves of central banks)
- ca. 14,6% Other
Golden websites for Gold Investors
- A Beginner’s Guide to Precious Metals from investopedia.com.
- The LBMA (London Bullion Market Association) is the Independent Precious Metals Authority.
- The World Gold Council is the market development organisation for the gold industry. They support the development of gold markets and helps investors understand how investments in gold can help them achieve their investment objectives.
- GoldHub, an initiative of the World Gold Council, brings together data, research and tools for investors who are interested in gold as a strategic asset class.
- Kitco is the global precious metals authority and retailer of bullion products, recognized as the leading voice in commodities information providing best-in-class news, data and insights.