Historical dataset of nominal and real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

As of December 2024, the London (morning fixing) price of an ounce of gold cost an average of 2,643.83 U.S. dollars, a slight decrease compared to the average monthly morning fixing price of 2,656.09 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 1,560.67 U.S. dollars. It increased to 1,935.04 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 271 U.S. dollars, and by 2012 the price had risen to some 1,670 U.S. dollars. By 2023, the annual average gold price was nearly 2,000 dollars per ounce. In that year, global gold demand reached 4,448.3 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). 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 in order 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.

Banking and stock markets consider gold to be an important component of their economic and financial status. There are various factors that influence the gold price trend and its fluctuations. Accurate and reliable prediction of the gold price is an essential part of financial and portfolio management. Moreover, it could provide insights about potential buy and sell points in order to prevent financial damages and reduce the risk of investment. In this paper, different architectures of deep neural network (DNN) have been proposed based on long short-term memory (LSTM) and convolutional-based neural networks (CNN) as a hybrid model, along with automatic parameter tuning to increase the accuracy, coefficient of determination, of the forecasting results. An illustrative dataset from the closing gold prices for 44 years, from 1978 to 2021, is provided to demonstrate the effectiveness and feasibility of this method. The grid search technique finds the optimal set of DNNs’ parameters. Furthermore, to assess the efficiency of DNN models, three statistical indices of RMSE, RMAE, and coefficient of determination (R2), were calculated for the test set. Results indicate that the proposed hybrid model (CNN-Bi-LSTM) outperforms other models in total bias, capturing extreme values and obtaining promising results. In this model, CNN is used to extract features of input dataset. Furthermore, Bi-LSTM uses CNN’s outputs to predict the daily closing gold price.

United States Imports from Thailand of Base Metals, Silver or Gold, Clad With Platinum was US$41.52 Thousand during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Thailand of Base Metals, Silver or Gold, Clad With Platinum - data, historical chart and statistics - was last updated on March of 2025.

Iceland Imports from United States of Base Metals or Silver, Clad With Gold was US$12.32 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Iceland Imports from United States of Base Metals or Silver, Clad With Gold - data, historical chart and statistics - was last updated on March of 2025.

Italy Imports from United States of Base Metals or Silver, Clad With Gold was US$534.68 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Italy Imports from United States of Base Metals or Silver, Clad With Gold - data, historical chart and statistics - was last updated on March of 2025.

After two years of decline, the East European market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured increased by 33% to $434M in 2024. The total consumption indicated buoyant growth from 2012 to 2024: its value increased at an average annual rate of +7.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2024, the Iraqi market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured decreased by -10% to $11K for the first time since 2021, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked at $150K in 2014; however, from 2015 to 2024, consumption remained at a lower figure.

In 2024, the Kuwaiti market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured increased by 121% to $28K for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $190K in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

The Bolivian market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured skyrocketed to $1.9K in 2024, picking up by 200% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $17K. From 2019 to 2024, the growth of the market remained at a somewhat lower figure.

In 2024, the Hungarian market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured increased by 3.7% to $65M, rising for the second consecutive year after six years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $86M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

The Omani market for base metals, silver or gold, clad with platinum; not further worked than semi-manufactured skyrocketed to $967K in 2024, increasing by 16% against the previous year. In general, consumption saw a pronounced expansion. As a result, consumption attained the peak level of $1.5M. From 2016 to 2024, the growth of the market remained at a somewhat lower figure.

Malaysia Exports of base metals or silver, clad with gold to China was US$1.04 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Malaysia Exports of base metals or silver, clad with gold to China - data, historical chart and statistics - was last updated on March of 2025.

Germany Imports from Indonesia of Base Metals or Silver, Clad With Gold was US$413 during 2010, according to the United Nations COMTRADE database on international trade. Germany Imports from Indonesia of Base Metals or Silver, Clad With Gold - data, historical chart and statistics - was last updated on March of 2025.

Norway Imports of base metals, silver or gold, clad with platinum from Lithuania was US$635 during 2024, according to the United Nations COMTRADE database on international trade. Norway Imports of base metals, silver or gold, clad with platinum from Lithuania - data, historical chart and statistics - was last updated on March of 2025.

Netherlands Exports of base metals or silver, clad with gold to Cyprus was US$1.45 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Netherlands Exports of base metals or silver, clad with gold to Cyprus - data, historical chart and statistics - was last updated on March of 2025.

Indonesia Imports of base metals or silver, clad with gold from Netherlands was US$150 during 2017, according to the United Nations COMTRADE database on international trade. Indonesia Imports of base metals or silver, clad with gold from Netherlands - data, historical chart and statistics - was last updated on March of 2025.

United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars was 1937.60000 U.S. $ per Troy Ounce in September of 2020, according to the United States Federal Reserve. Historically, United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars reached a record high of 2061.50000 in August of 2020 and a record low of 34.77500 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars - last updated from the United States Federal Reserve on March of 2025.

Netherlands Imports from Austria of Base Metals, Silver or Gold, Clad With Platinum was US$2.01 Thousand during 2023, according to the United Nations COMTRADE database on international trade. Netherlands Imports from Austria of Base Metals, Silver or Gold, Clad With Platinum - data, historical chart and statistics - was last updated on March of 2025.

Thailand Imports of base metals or silver, clad with gold from Indonesia was US$1.01 Thousand during 2023, according to the United Nations COMTRADE database on international trade. Thailand Imports of base metals or silver, clad with gold from Indonesia - data, historical chart and statistics - was last updated on March of 2025.