Gold

Ghitac Dana

Conjunctura economiei mondiale / World Economic Studies, 2011

Abstract: Supported by recovery of key sectors of the demand and the uncertainties related to the evolution of the global economy in 2010 gold have recorded the tenth consecutive year of price increase. Furthermore, as of mid-March, gold has reacted strongly to natural disasters and the continuing devaluation of the U.S. dollar, and the record price of $1, 500 per ounce shows that demand for gold shows no sign of decline. In 2010, gold volatility was 16%, being closer to the average of the last twenty years (15.8%). For comparison, in 2009 the annual volatility was over 21%.

Keywords: 2010; London Fix Prices of Gold; London Bullion Market Association; world gold supplies; world gold demand (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2011:id:2822000009575035

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