Please note that our office will be exceptionally closed on Friday, November 1st, 2024. Thank you for your understanding.

24/12/2019

Gold shone brightly in 2019

Review of the year 2019 for precious metals

Gold shone brightly in 2019

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

News See all
Here you will find important information on economic and financial news as well as information that may have an impact on your investments in gold or foreign currencies
Understanding the Exter Pyramid and its use in global finance
2024-10-10

Understanding the Exter Pyramid and its use in global...

The Exter pyramid was conceived in the 1960s by John Exter, a former economist at the US Federal Reserve, at a time when economic crises were becoming recurrent. Having...
New address, same values: GFI Luxembourg
2024-10-02

New address, same values: GFI Luxembourg

GFI Gold sets up in Luxembourg: a new era for investors in precious metals.
The story of the 50 ECU Belgian Gold Coin
2024-10-02

The story of the 50 ECU Belgian Gold Coin

The Belgian 50 ECU gold coin is much more than just an investment coin. It embodies a pivotal era in European history, marking the first concrete efforts towards European...
The Impact of the Basel III Reforms on the Gold Market
2024-10-02

The Impact of the Basel III Reforms on the Gold Market

The Basel III reforms are bringing profound changes to the global banking system, with a direct impact on the gold market. By reclassifying physical gold as one of the...