Gold fell to 3,350.92 USD/t.oz on July 14, 2025, down 0.18% from the previous day. Over the past month, Gold's price has fallen 0.98%, but it is still 38.32% higher than a year ago, 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 July of 2025.

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.

Gold prices fell by 3.58% on Monday due to global tariff concerns, yet remain up 16.77% since January amid economic uncertainty.

In August 2022, the gold price stood at $56.6K per kg (FOB, Australia), falling by -2% against the previous month.

Gold prices have dropped to a two-week low due to easing trade tensions. Despite the decline, gold remains a strong performer with a bullish outlook for the future.

Replication data for the paper The Gold Pool (1961–1968) and the Fall of the Bretton Woods System: Lessons for Central Bank Cooperation.Includes Eviews replication programme files and data files providing new exclusive data. If anything is unclear or if you want to replicate the regressions, feel free to contact the authors who will be happy to help and welcome replication efforts! Data that are unique and might interest other researchers include:Daily gold price from 1961 to 1968 (this is published here for the first time and is unavailable in other sources to the best of our knowledge)Daily intervention data by European central banks within the Gold Pool (read more about it in the paper)Quarterly data on withdrawal at the US gold window. This data has not yet been released by the New York Fed and is unique. It is central to better understandMore replication data which should suffice to re-run all the regression in the paper and recreate all the chartsThe source of the data is explained in the excel sheet and the paper provides additional information.

The Gold and Silver Ore Mining industry explores and develops land to extract precious metals for sale in concentrate, dore and bullion form. Revenue is largely a function of mine output and the world prices of gold and silver. Thanks to an increase in revenue in 2020 amid the COVID-19 pandemic heightening demand for precious metals and a surge in prices in 2024, overall industry revenue has been on the rise, in spite of reduced mine output. Industry revenue is projected to have risen at a CAGR of 2.1% to $12.7 billion over the five years to 2024, with a 11.5% increase in 2024 alone. The industry is capital-intensive with fluctuating production volumes and unstable metal prices causing high entry barriers. Small mines have struggled to survive while larger companies have dominated the market by operating major gold mining facilities. This situation has led to the rise of non-organic growth, as evidenced by the recent partnership between industry giants Barrick and Newmont. Average industry profit, measured as earnings before interest and taxes, has fallen as the industry has faced increased costs. Over the five years to 2029, Gold and Silver Ore Mining revenue is expected to expand at a CAGR of 0.5% to $13.0 billion. Revenue is set to rise during this period due to rising falling gold and silver prices, while profit is set to remain relatively level. With consumer confidence predicted to grow, more people are likely to buy gold and silver as luxury items, but less are expected to invest in precious metals due to economic uncertainties and as an inflation hedge.

In 2024, an estimated *** metric tons of gold were consumed across the United States. Gold consumption in the North American country has experienced a continual annual decline since 2021, when figures reached a record high of *** metric tons. Gold trade in the United States The United States imported an estimated *** metric tons worth of gold for consumption purposes in 2024. This was the second-lowest import volume reported by the North American country since the year 2010. Most of the gold shipments came from Mexico – accounting for more than ** percent – with other important trading partners including neighboring country Canada, as well as Colombia. Meanwhile, the volume of gold exported from the United States jumpped to an estimated *** metric tons in 2024. Gold: a dynamic and precious commodity Gold is one of the most precious and coveted elements on Earth. It is relatively rare, which contributes greatly to the element's value. Demand for gold has increased constantly over the last decade. This has influenced the price of gold on the global market, which is an important indicator of the global economy. With approximately ***** metric tons worth of gold reserves, the United States is amongst the largest gold holding countries worldwide, topped only by Australia, Russia, and South Africa.

Silver rose to 38.37 USD/t.oz on July 11, 2025, up 3.65% from the previous day. Over the past month, Silver's price has risen 5.59%, and is up 24.68% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on July of 2025.

The Zimbabwean Gold USDZiG exchange rate rose to 26.8406 on July 14, 2025, up 0.00% from the previous session. Over the past month, the Zimbabwean Gold Currency Exchange Rate USDZiG has weakened 0.52%, but it's up by 92.32% over the last 12 months. Zimbabwean Gold Currency Exchange Rate USDZiG - values, historical data, forecasts and news - updated on July of 2025.

Copper fell to 5.45 USD/Lbs on July 14, 2025, down 1.52% from the previous day. Over the past month, Copper's price has risen 13.70%, and is up 20.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on July of 2025.

Iron Ore rose to 96.76 USD/T on July 14, 2025, up 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.61%, but it is still 11.77% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

Gold and silver ore mining continues to thrive as production levels remain elevated, driven largely by Canada's significant gold deposits, which account for over 98.0% of revenue garnered from gold product sales. Early in the current period, in 2021 and 2022, industry returns fell from pandemic-era highs; during the pandemic, escalating gold prices attracted investor attention because of gold's unique properties as a countercyclical asset, offering a hedge against inflation and market volatility. As the economy recovered, investors began resuming interest in other asset classes but quickly switched back to gold as inflation surged. Even as inflation has cooled, generally rising economic uncertainty, particularly from a potentially escalating trade war, has continued to fuel rising gold prices. Gold and silver ore mining revenue has grown at an estimated CAGR of 1.0% to $18.0 billion through the end of 2025, including a 2.9% increase in 2025. The industry is capital-intensive with fluctuating production volumes and unstable metal prices causing high entry barriers. Small mines have struggled to survive while larger companies have dominated the market by operating major gold mining facilities. This dynamic has encouraged merger and acquisition activity in the industry, with, for example, industry leader Agnico Eagle acquiring the remaining 50.0% interest in the Canadian Malartic Complex, the second-largest operating gold mine in Canada, in 2023. Agnico Eagle previously owned the mine jointly with Yamana Gold. With this acquisition and its other assets (which also include Detour Lake, the largest operating gold mine in Canada), Agnico Eagle has grown to account for an estimated 55.4% of industry revenue in 2025. Average industry profit, measured as earnings before interest and taxes, has seen an overall decline, not quite reaching 2020 highs in spite of recent years of growth. Looking ahead, revenue is set to continue expanding as gold and silver prices continue to rise amid economic uncertainty. Along with investor interest, consumers' need for luxury goods containing gold will persist. Electronic manufacturers are set to buy more gold for microcircuits and other items. Limited deposits will force mining companies to consolidate to reduce operation costs and maximize efficiency. Overall, gold and silver ore mining revenue is set to climb at a CAGR of 2.3%, reaching $20.2 billion through the end of 2030.

Nickel fell to 14,981.25 USD/T on July 15, 2025, down 0.56% from the previous day. Over the past month, Nickel's price has fallen 0.56%, and is down 9.72% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on July of 2025.

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In the last five years, the jewellery manufacturing industry has recorded a slight decline in sales on average. Between 2019 and 2024, industry sales fell by an average of 0.3% per year, primarily due to the challenges posed by the pandemic. However, since the lifting of the strict lockdown measures in the second half of 2021, there has been a catch-up effect in marriages, leading to an increase in demand for wedding and engagement rings. Nevertheless, jewellery manufacturers are facing increasing price pressure from cheap imports and rising raw material costs, as they have to source precious metals from abroad. Higher raw material prices in some cases are also contributing to rising sales, as jewellery manufacturers pass on rising material costs to their customers. Industry turnover is expected to fall by 1.5% to 751 million euros in 2024, as high inflation tends to have a negative impact on demand for luxury goods such as jewellery. Tourism, which is important for the retail sector, has been picking up again since 2021, which is having a positive impact on demand for jewellery. However, the jewellery industry will continue to face challenges such as increasing price pressure from cheap imports and the rising cost of raw materials. In addition, jewellery manufacturers could benefit from the trend towards sustainable and ethically responsible jewellery, as more and more consumers are placing value on environmentally friendly and socially responsible products.Over the next five years, IBISWorld expects industry turnover to fall by an average of 0.6% per year and reach 729.7 million euros in 2029. The main reasons for the slight decline in sales forecast are the strong price competition with suppliers from abroad and the falling number of marriages, which is reducing the demand for wedding rings. Nevertheless, efficiency gains are expected due to the gradual implementation of networked production lines.

Aluminum fell to 2,593.65 USD/T on July 15, 2025, down 0.10% from the previous day. Over the past month, Aluminum's price has risen 2.99%, and is up 5.37% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on July of 2025.

The Watch and Jewellery Retailing industry is undergoing a significant digital transformation, with retailers increasingly establishing online presences alongside physical stores to bolster revenue. Major retailers like Michael Hill and Richemont have heavily invested in enhancing their online capabilities, introducing features like click-and-collect, ship-from-store options, virtual consultations and try-on tools. This digital evolution has also promoted market share concentration, as larger retailers with greater resources can more readily develop accessible websites. By leveraging online sales channels, these retailers have increased revenue per establishment without expanding physical retail space, helping to offset rising rental costs. There has been a notable trend towards premiumisation, with brands increasingly targeting high-income consumers. Companies like Michael Hill are tapping into the premium market with bespoke brands like TenSevenSeven, while luxury retailers like Richemont have expanded their market share. This shift has occurred because consumers in the affordable segment are moving to online-only retailers for competitive pricing. In contrast, premium consumers prefer in-person shopping experiences and have continued spending on luxury goods even during economic downturns. Competition from online-only retailers is intensifying, challenging traditional retailers to differentiate themselves through enhanced instore experiences. This has mounted operational expenses and prevented retailers from passing on rising purchase costs, hindering profitability since 2022-23. Industrywide revenue has been climbing at an annualised 3.4% over the past five years and is expected to total $5.8 billion in 2024-25, when revenue will fall by 0.1%. Over the next five years, falling gold and platinum prices are poised to enhance retailers’ profitability, as more affordable prices will boost demand. The rise in non-manual employment will also push up demand as these employees will seek watches and jewellery to enhance their professional appearance. Retailers will continue targeting the luxury market to capitalise on high-income consumers' spending power, increasing revenue per transaction. There will be a growing emphasis on sustainability and ethical sourcing, with retailers like Michael Hill and Pandora implementing programs focused on recycled materials and ethical practices. Industry revenue is forecast to climb at an annualised 1.1% through 2029-30 to total $6.1 billion.

Selected model for falls within 6-months of follow-up (developed and internally validated).

Lead fell to 2,005.45 USD/T on July 14, 2025, down 1.14% from the previous day. Over the past month, Lead's price has fallen 0.22%, and is down 8.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lead - values, historical data, forecasts and news - updated on July of 2025.