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Gold

Author

Listed:
  • Ghitac Dana

Abstract

Supported by recovery of key sectors of the demand and the uncertainties related to the evolution of the global economy in 2010 gold have recorded the tenth consecutive year of price increase. Furthermore, as of mid-March, gold has reacted strongly to natural disasters and the continuing devaluation of the U.S. dollar, and the record price of $1, 500 per ounce shows that demand for gold shows no sign of decline. In 2010, gold volatility was 16%, being closer to the average of the last twenty years (15.8%). For comparison, in 2009 the annual volatility was over 21%.

Suggested Citation

  • Ghitac Dana, 2011. "Gold," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2011:id:2822000009575035
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