Price of Gold in 2007

2007 was a significant year for gold prices, increasing by over $200 an ounce. Contributors included contracting mine supply, a decline in the dollar and lower sales by Europe’s central banks. However, the biggest impact was the start of the Global Financial Crisis.

Check below to see our Gold prices in 2007 chart, giving you a full account of what the price of Gold was doing throughout that year.

Gold Prices 2007 Chart

What Impacted Gold Prices in 2007?

2007 saw gold increase to a peak of US$840 days before the end of the year (back to US$833 by New Year’s Eve), a major increase compared to the peak in 2006 of US$630 an ounce.

That year, the biggest contributor was the stock market crash and the impending Global Financial Crisis – when investment demand for gold increased as investors looked for a safer option for future stability. It’s the same throughout history – stocks fall, dollars struggle, and gold prices increase, which was certainly the case in 2007.

Daily Gold Prices (Chart)

To find the daily prices for Gold in this year, use the date filters in the chart above.

The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data.

Is Now a Good Time to Invest in Gold?

With the economy shaky and any potential financial relief prospects hazy, now is a good time to reassess your investments. Gold can be a worthwhile investment depending on your circumstances, age, and financial objectives.

Many investors include gold in their portfolios as an inflation hedge and a store of value. Many experts believe that the best time to buy gold is when inflation or a recession is imminent, because gold’s value rises during these times. When the dollar value falls, people seek out gold and other stable investments to protect themselves.

An important note from the experts analyzing historical data – if you want to invest in Gold, you should buy it in early January, March or April, and late June.

Buy Gold Online with CanAm

Adding gold bullion to your investment portfolio is a terrific way to diversify it, and at CanAm, we offer the best quality and services for all types of investors.

Our qualified team is here to help, whether you’re beginning your collection or adding to it. Never hesitate to ask if you have any questions or concerns. If you’re ready to buy Gold immediately, start your search at our online store.