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Gold shone brightly in 2019

Gold shone brightly in 2019
24/12/2019

Review of the year 2019 for precious metals

The ounce of gold posted its best annual growth since 2011. In dollars, it gained 15.7% in 2019, however, it did not reach its historic level but this increase is the largest in 8 years.

In euros, due to the decline in the EURUSD, the increase was 19.8% this year. The ounce of gold in euros even reached its record level this summer.

The yellow metal is not the only one to have performed: palladium, rhodium and platinum has also shone this year. Palladium took 52% and platinum 16%.

As for Rhodium, it is without question the investment of the year. In USD, it jumped 239% !! Indeed, the ounce was around $ 2,300 in early 2019 to be around $ 5,500 in late December.

And we finish with silver, the red lantern of the peloton with 13% increase.

Analysts had predicted a good year 2019 and 2020 for the yellow metal. They were not mistaken for 2019! Fingers crossed for 2020…

Source: L'Echo