We See Gold Going Lower in the Long Term
Current drivers of record prices may be unsustainable moving forward.
After exhibiting few signs of life during much of the 1980s and 1990s, gold prices have revived during the last 10 years, climbing more than five-fold from the 2001 average price of less than $300 per ounce to more than $1,400 today.
So what drove this massive increase in gold prices during the last decade? We believe four major factors have been largely responsible for the recent surge in gold prices:
Joung Park, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.