You can use this price chart to see the EUR gold price for last month. You can see the gold price according to different periods of time, weights and currency by simply adjusting the drop down options at the top of the chart.
If you are thinking about buying gold bullion then you may look at the gold price for the last month to give you an idea of market trends and sentiment.
Whether you looked at the gold price last month or the gold price of the last decade, you will clearly see that demand for gold remains strong. This tells us that sentiment regarding financial risk in the economy is weak. We can see this because people invest in gold as it is a safe haven against risks in the economy and beyond. When we have a gold price that has made gains then we know that people are choosing the safe haven over the likes of holding cash, property or stocks and shares.
Despite seeing the usefulness of looking at the gold price last month and comparing it to today, we do not recommend price-watching as a way of trying to choose the best time to buy gold. This is because we believe that as a long-term investment there is little advantage to buying one day over the next.
If you are concerned about timing your gold purchase according to the gold price then we recommend you cost-average into your investment. This means that you invest the same amount, on a regular basis, into gold bullion. You can read more about our GoldSaver accounts here.
If you'd like to include Gold in your portfolio but need some assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team will gladly help.
You may have seen the news yesterday that gold has now overtaken US Treasuries as the world’s top reserve asset. According to the European Central Bank, gold now accounts for 27% of global central bank reserves, compared with 22% for US Treasuries. Central banks have been net buyers of physical gold for many years now, […]
This week, The New Scientist reported that scientists may finally know why gold stays so shiny, which is the sort of discovery that feels almost comically late given how long human beings have been obsessing over the stuff. After several thousand years of digging it out of the ground, melting it down, hoarding it, fighting […]
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