Price of Gold in 2018 Even though gold fared better than most investments this year, it still ended with a loss, falling 4.7% across the year as the US dollar strengthened. Using the charts below, you can see the Gold Prices for 2018 and explore the variability of spot prices throughout the year. Gold Prices 2021 Chart What Impacted Gold Prices in 2018? In the first three months of 2018, the gold price mostly fluctuated between $1,300 and $1,350. The second quarter saw a sharp drop in the index due to rising stock prices and robust GDP growth. From April to August, it fell by 15%. Gold increased by 10% from August until December as volatility returned to stock markets and concerns about global growth emerged. Gold’s December gain of 5% was its largest since the beginning of the year. The demand for gold by central banks was 651.5 ton, up 74% from the previous year. The World Gold Council said this rise represented the highest level of annual net purchases since the US dollar’s convertibility into gold was halted in 1971. Demand for jewelry has remained steady, but the fourth quarter was slow. Demand for gold jewelry in India saw a slight decrease, but consumption of jewelry in China increased by 3%. The demand for bars and coins worldwide rose by 4% from the previous year, though many places saw a decrease. For example, demand in the Middle East increased, while demand in Turkey fell 28%, Europe saw an 11% decrease, and the United States reported its lowest level of demand since 2007. Although the industry expanded, technology’s use of gold declined. The ongoing trade disputes between the US and China are primarily responsible for decreasing technology demand. 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. Should I Buy Coins or Bars? Gold coins are precious metals struck in coin form by a government-sanctioned mint, and they typically bear a legal tender face value. They range in weight from a few grams to several kilograms. Gold Bars are precious gold metal bars produced by private gold mints or those authorized by the government. They are generally larger and often purer than gold coins. Which is better? Gold coins offer the highest resale value for gold, while gold bars are the best option for storing wealth. Gold bars may be a good long-term investment, but they can be difficult to liquidate. Gold coins are considered legal tender and their ownership is not subject to taxation. Gold coins are compact and easier to store than gold bars, which usually need to be kept in a specially designed, heavily guarded, and insured vault. Buy Gold Online with CanAm If you want to diversify your holdings, buying Gold bars or Gold bullion is a good option. If you buy from CanAm, you can expect nothing less than the best service possible. Your purchase will be delivered to your house safely and securely, and we offer reasonable prices. If you have any questions about your investment options, don’t hesitate to contact our team of investment consultants or to begin shopping on our online store immediately. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Price of Gold in 2003 READ MORE Price of Gold in 2014 READ MORE Price of Gold in 2017 READ MORE Price of Gold in 2011 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment