Gold nears $1400 an ounce

by Samantha Ashenhurst | June 20, 2019 4:02 pm

The spot price of gold hit $1390 an ounce on June 20, the highest level seen in more than five years.[1]
The spot price of gold hit $1390 an ounce on June 20, the highest level seen in more than five years.

The spot price of gold hit $1390 an ounce on June 20, reaching the highest level it has seen in more than five years.

Prices climbed[2] 5.71 per cent in the past 30 days and 6.41 per cent over the last six months. The last time prices teetered around $1400 was in 2014, as the metal dropped after hitting a record $1895 an ounce in 2011, JCK Magazine reports[3].

Analysts attribute the jump to a number of factors, including the weakening U.S. dollar, as well the country’s trade war with China and international conflicts with Iran and North Korea.

Endnotes:
  1. [Image]: https://www.jewellerybusiness.com/wp-content/uploads/2019/06/SA_GoldPrice.jpg
  2. Prices climbed: https://goldprice.org/
  3. JCK Magazine reports: https://www.jckonline.com/editorial-article/gold-price-highest-five-years/

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