Gold Price Report – May 2021

Period : Jan 2020 – May 2021

Date : 5th June 2021

Researcher : Umar Rosli

Gold Futures Price

Gold's impact on the economy waxes and wanes. When other investments seem too risky, gold always looks like a good hedge. Gold Futures shows positive and fluctuate trend over the time. Early of January 2020, price of 1 Oz of Gold Futures is $1520.95. Gold price increased until March 2020. After that, the gold price dip until $1491.00 at the end of March 2020. Gold price increased rapidly until $2089.40 in early of August 2020 which is the peak price of the time. After that, gold price started to drop again until March 2021. Next, Gold Futures rise again until present. As of 31st May 2021, the latest Gold Futures price is $1911.15. Gold Futures have increased nearly to 26% over the time.

Monthly Gold Futures Price

Average monthly Gold Futures price also following the exact trend above. The gold price drops gradually in March 2020 and then the price increase rapidly until August 2020. After that, the price falls until March 2021. April 2021 onwards shows the gold price increased until present.