This statistic depicts the average annual prices for gold from 2014 to 2024 with a forecast until 2026. In 2024, the average price for gold stood at 2,388 U.S. dollars per troy ounce, the highest value recorded throughout the period considered. In 2026, the average gold price is expected to increase, reaching 3,200 U.S. dollars per troy ounce.

Gold fell to 4,199.97 USD/t.oz on December 2, 2025, down 0.75% from the previous day. Over the past month, Gold's price has risen 4.93%, and is up 58.92% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on December of 2025.

The price of gold per troy ounce increased considerably between 1990 and 2025, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately **** grams. At the end of 2024, a troy ounce of gold cost ******* U.S. dollars. As of * June 2025, it increased considerably to ******** U.S. dollars. Price of – additional information In 2000, the price of gold was at its lowest since 1990, with a troy ounce of gold costing ***** U.S. dollars in that year. Since then, gold prices have been rising and after the economic crisis of 2008, the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment. History has shown, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. However, unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). So while gold may be a good investment at times, the supply demand argument does not apply to gold. Nonetheless, the demand for gold has been mostly consistent.

Gold Price - Historical chart and current data through 2025.

As of 31 May 2025, MSCI U.S. had an average **-year return rate of ***** percent, whereas gold had a return rate of ***** percent. Gold mining overview In light of recent technological advancements shaping the gold mining market, global gold production has been rather stable in the last few years, hovering around ***** metric tons since 2020. Among nations, Australia holds the highest gold production, surpassing countries with the highest mine gold reserves. Gold as a financial security Known for its ability to provide diversification to investment portfolios, gold has exhibited a positive trend in its Gold’s return rate was particularly high in the early 2000s, and, despite experiencing a decline during the pandemic, it demonstrated a remarkable recovery since. Furthermore, gold serves as a valuable asset for a nation's economic stability, with the United States holding the highest amount of

Gold Prices - Historical chart and current data through 2025.

💵 Daily prices for gold and silver from 2013 till 2025

The prices in USD for one ounce (1 ounce = 28.3495 grams)

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The average monthly prices for gold increased worldwide between January 2014 and May 2025, although with some fluctuations. In January 2014, the average monthly price for gold worldwide stood at ******** nominal U.S. dollars per troy ounce. Significant jumps in the gold prices were observed, especially in the periods of uncertainty, as the investors tend to see gold as a safe investment option. For instance, the Corona pandemic acted as a shock to the economy, resulting in substantial increases in gold prices in 2020. As of May 2025, gold valued at ******** U.S. dollars per ounce, the highest value reported during this period.

Gold prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 615.3 USD per troy ounce with a minimum of 34.94 USD per troy ounce in January 1970 and a maximum of 4058.33 USD per troy ounce in October 2025. | TheGlobalEconomy.com

Dataset of historical annual gold prices from 1970 to 2024, including significant events and acts that impacted gold prices.

Context

Historically, gold had been used as a form of currency in various parts of the world including the USA. In present times, precious metals like gold are held with central banks of all countries to guarantee re-payment of foreign debts, and also to control inflation which results in reflecting the financial strength of the country. Recently, emerging world economies, such as China, Russia, and India have been big buyers of gold, whereas the USA, SoUSA, South Africa, and Australia are among the big seller of gold.

Forecasting rise and fall in the daily gold rates can help investors to decide when to buy (or sell) the commodity. But Gold prices are dependent on many factors such as prices of other precious metals, prices of crude oil, stock exchange performance, Bonds prices, currency exchange rates, etc.

The challenge of this project is to accurately predict the future adjusted closing price of Gold ETF across a given period of time in the future. The problem is a regression problem, because the output value which is the adjusted closing price in this project is continuous value.

Content

Data for this study is collected from November 18th 2011 to January 1st 2019 from various sources. The data has 1718 rows in total and 80 columns in total. Data for attributes, such as Oil Price, Standard and Poor’s (S&P) 500 index, Dow Jones Index US Bond rates (10 years), Euro USD exchange rates, prices of precious metals Silver and Platinum and other metals such as Palladium and Rhodium, prices of US Dollar Index, Eldorado Gold Corporation and Gold Miners ETF were gathered.

The dataset has 1718 rows in total and 80 columns in total. Data for attributes, such as Oil Price, Standard and Poor’s (S&P) 500 index, Dow Jones Index US Bond rates (10 years), Euro USD exchange rates, prices of precious metals Silver and Platinum and other metals such as Palladium and Rhodium, prices of US Dollar Index, Eldorado Gold Corporation and Gold Miners ETF were gathered.

The historical data of Gold ETF fetched from Yahoo finance has 7 columns, Date, Open, High, Low, Close, Adjusted Close, and Volume, the difference between Adjusted Close and Close is that the closing price of a stock is the price of that stock at the close of the trading day. Whereas the adjusted closing price takes into account factors such as dividends, stock splits, and new stock offerings to determine a value. So, Adjusted Close is the outcome variable which is the value you have to predict.

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Acknowledgements

The data is collected from Yahoo finance.

Inspiration

Can you predict Gold prices accurately using traditional machine learning algorithms

Get the latest insights on price movement and trend analysis of Gold in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

View market daily updates and historical trends for Gold Price in US Dollars (DISCONTINUED). from United States. Source: Gold Council. Track economic data…

As of May 2025, the London (morning fixing) price of an ounce of gold cost an average of ******** U.S. dollars, a slight increase compared to the average monthly morning fixing price of ******** U.S. dollars per ounce in the previous month.

London fixing gold price In January 2020, the average price for an ounce of fine gold was ******** U.S. dollars. It increased to ******** U.S. dollars as of April 2022. Although the monthly price for fine gold fluctuates, the average annual price of fine gold is gradually increasing. In 2001, the price for one ounce of gold was *** U.S. dollars, and by 2012 the price had risen to some ***** U.S. dollars. By 2024, the annual average gold price was nearly ***** dollars per ounce. In that year, global gold demand reached ******* metric tons worldwide. Price determinants of fine gold Fine gold is considered to be almost pure gold, where the value of the metal depends on the percentage of fineness. Twenty-four-carat gold is considered fine gold (from 99.9 percent gold by mass and higher). The London Gold Fix acts as a benchmark for the price of gold. The price of gold is set by the members of the London Gold Market Fixing Ltd undertaken by Barclays and its other members. The price is determined twice per business day at 10:30 am and 3:00 pm based on the London bullion market to settle contracts within the bullion market. The price is based on the equilibrium point between supply and demand agreed upon by participating banks. Gold prices must remain flexible, and gold fixing provides an instantaneous price at specified times.

In 2021, the global gold market decreased by -7.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2020, and then shrank in the following year.

Between January 1971 and May 2025, gold had average annual returns of **** percent, which was only slightly more than the return of commodities, with an annual average of around eight percent. The annual return of gold was over ** percent in 2024. What is the total global demand for gold? The global demand for gold remains robust owing to its historical importance, financial stability, and cultural appeal. During economic uncertainty, investors look for a safe haven, while emerging markets fuel jewelry demand. A distinct contrast transpired during COVID-19, when the global demand for gold experienced a sharp decline in 2020 owing to a reduction in consumer spending. However, the subsequent years saw an increase in demand for the precious metal. How much gold is produced worldwide? The production of gold depends mainly on geological formations, market demand, and the cost of production. These factors have a significant impact on the discovery, extraction, and economic viability of gold mining operations worldwide. In 2024, the worldwide production of gold was expected to reach *** million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

Context

Real time prices in the diamond market are reflected by the so-called Diamond Financial Index (DFX) which is available on a daily base since April 2018.

As diamond prices are influenced by many factors like trade barriers, political instability, operational disruptions like mine closures or economic downturns resp. upturns, it is not an easy task to predict the development of future diamond prices.

To predict prices, indicators are needed. Empirical findings support the argument that diamond prices respond to economic downturns resp. upturns and are therefore also correlated with inflation rates and interest rates resp. fed rates. Also gold prices could be an indicator for the development of diamond prices.

Because the US are playing quite a big role in the diamond business, the following US rates can be considered:

o inflation rate (10-year breakeven inflation rate) o interest rate (10-year treasury inflation-indexed security, constant maturity, risk-free) o fed rate (effective federal funds rate)

Moreover, gold prices could be considered as an indicator.

Content

The following five datasets have been downloaded from the following websites and merged to one dataset:

o diamond price (DFX): https://www.investing.com/indices/get-diamonds-general o inflation rate: https://fred.stlouisfed.org/series/T10YIE o interest rate: https://fred.stlouisfed.org/series/DFII10 o fed rate: https://fred.stlouisfed.org/series/DFF o gold price: https://www.boerse-online.de/rohstoffe/historisch/goldpreis/usd/

To merge the datasets, date has been used as index. A few missing values in the datasets have been filled in by copying the value from the day before (see file "diamond_data_merged_with_other_variables.csv").

Please note: I added one additional version of the dataset where ID is used as index (not date). Missing values are not filled in in this version (see file "df_diamond_data_merged_with_other_variables.csv"). I would recommend using the dataset "diamond_data_merged_with_other_variables.csv" with date as index.

Inspiration

The following questions could be answered:

o How did diamond prices, inflation rate, interest rate, fed rate and gold price develop since 2018? o How is the correlation between diamond prices and inflation rate, interest rate, fed rate and gold prices? o How will diamond prices develop in the future?

When it comes to price prediction machine learning has been successful in predicting stock market prices through a host of different time series models. There is also a limited but quite restrictive application in predicting cryptocurrency prices. Often neural networks like LSTM (Long Short Term Memory) are used. LSTM oder other models, e.g. ARIMA, could be also used here.

Gold is the most popular precious metal in the investment industry. The rate of return for gold investments fluctuated significantly during the period from 2002 to 2024 but generated positive returns in most years of the observed period. The return of gold as an investment reached almost ** percent in 2024, one of the highest recorded. Why is gold valuable? Gold is a precious metal with several practical uses, particularly in technology. For example, NASA uses gold to improve its lasers and protect sensitive things in space, including a part of the visor for its astronauts. However, a large share of the demand for gold worldwide is as an investment, particularly by central banks. Gold serves the purpose of an alternative to currency because it is relatively scarce but still has enough mine production to serve the financial sector. Gold as an investment Under the Bretton Woods agreement after World War II, the world’s major currencies were tied to the value of gold. This system, called the Gold Standard, ended in 1971. Still, most countries maintain significant gold reserves. Due to this history and the overall faith in the value of gold, the average gold price tends to increase in times of recession, making it an attractive investment in uncertain times.

View monthly updates and historical trends for Gold Price. from United Kingdom. Source: World Bank. Track economic data with YCharts analytics.

The dataset contains year- and month-wise compiled data on the average prices of Gold (Standard) and Silver at Mumbai in India

Note: Standard Gold means Gold having fineness 995 parts per thousand (%) and above