Price of Gold in 2009

In 2009, the US was in the middle of the Great Recession, and due to the weak economy and looser money, investors were looking for a way to enhance the value of their total assets, so they poured their money into gold. This increased gold’s value to record highs.

You can learn more about the Gold spot prices in 2009 with our charts below.

Gold Prices 2009 Chart

What Impacted Gold Prices in 2009?

In 2009, the PPI for gold increased by 12.8%, and the US Federal Reserve finally stepped up its first attempt at quantitative (or monetary) easing, injecting liquidity into the economy to help lower the dollar’s value.

After finishing off 2008 on a low (compared to the early year of breaking records), gold prices started 2009 on a high note, rising above $1,000 an ounce in February, though this didn’t last.

By August and September, however, European central banks reaffirmed their previous agreement to limit gold sales over five years, setting the annual limit at 400 tonnes. Gold again surpassed $1,000 per ounce due to dollar weakness and economic recovery concerns. And by December, the dollar had declined further, and gold prices had risen to $1,200 per ounce.

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.

Tips for Investing in Gold Online

Gold bullion, coins, and rounds are a great way to increase your portfolio gradually, provided you purchase them from a reputable company like CanAm.

Before investing, you should know the spot price and what it signifies. You can find all the required information on our Spot Price page <Insert link here>. Remember that the spot price fluctuates frequently throughout the day.

You should also make sure you’re up to date on the current gold price, which you can do using the charts above, and if you’re looking for better returns, you should invest in physical gold rather than paper gold.

Buy Gold Online with CanAm

CanAm can help you diversify your holdings with premium products as the demand for pure Gold bars and Gold bullion grows among precious metals market investors.

Our team can respond to your questions and address your concerns quickly and effectively. If you have any questions or concerns, please email or call us. Otherwise, start shopping today!