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Gold Chart Today       

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Today's chart provides some long-term perspective on this millennium's gold market. As today's chart illustrates, the pace of the bull market in gold that began back in 2001 increased over time. Gold went parabolic. Increased demand for commodities overall largely encouraged by the rise of Asia coupled with reduced confidence in paper money (especially following the financial crisis) played a significant role in gold's meteoric rise. By the time gold peaked in 2011, gold was up 640% from its 2001 bull market starting point. During the two years following gold's 2011 peak at nearly $1900 an ounce, gold lost a hefty $700 per ounce. Since mid-2013, gold has traded in a flat/choppy fashion. FYI -- this chart is published with permission of Chart of the Day and is updated every market day after the close. For highly regarded charts including valuable indicators that you won't find anywhere else, we highly recommend that you sign up at Chart of the Day.

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