The notable peak in 1980 followed the Soviet military involvement in Afghanistan, after a decade of inflation, oil shocks, and American military failures. The graph shows nominal price in US dollars, the price in 19 US dollars. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. Gold price Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. The gold market is subject to speculation and volatility as are other markets. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. Of all the precious metals, gold is the most popular as an investment. Size of a 100 gram gold bar - packaged inside an assay for proof of authenticity - compared to a playing card. Reserves of SDR, forex and gold in 2006 A Good Delivery bar, the standard for trade in the major international gold markets. ( April 2022) ( Learn how and when to remove this template message) Please help by spinning off or relocating any relevant information, and removing excessive detail that may be against Wikipedia's inclusion policy. This article may contain an excessive amount of intricate detail that may interest only a particular audience.
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