#معلومه_تفيدك
♦️ Gold prices have seen a noticeable recovery over the past year amid stock market fluctuations, and if you had invested just a year ago, you might have a bit more than you started with.
♦️ Gold is a timeless metal, from coins to bars to jewelry, it has been currency and investment for thousands of years.
♦️ Gold prices have significantly increased over the years, with the current price of gold around $3306 per ounce, which is almost double the $1800 per ounce that gold was sold for just a few years ago.
How much would a $1000 investment in gold be worth?
♦️ On May 28, 2024, the spot price of gold was trading at $2360 per ounce, while today, the price of gold is around $3306 per ounce, representing a 40% increase from last year. While a $1000 investment was not enough to buy a full ounce of gold, the investor could have made a good profit on the investment.
♦️ A $1000 investment in gold has increased by 40% over the past 12 months and is now worth $1400.