Gold Prices Australia

Gold prices have been rather fluctuating in the last year. The lowest bid has been 1292.60 USD/oz while the highest has been 1889.70 USD/oz. From May 2011 until September there was a positive trend up to the highest price which was followed by an immediate fall in October at 1600 USD/oz, followed by another increase and then a lower drop at 1550 USD/oz.

The trend for the beginning of the year was initially of 5.39 % increase followed by a decrease in the last month, which reached the dramatic low of 5.8 %. We will see if gold prices will continue to fall during this year.