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.
At the time of writing, gold and silver are sharply lower again. This, despite escalating conflict in the Middle East, rising oil prices and renewed volatility across global markets. In other words, the environment appears, at first glance, exactly the sort in which gold should be performing well. This is frustrating many investors. The traditional […]
At the time of writing it appears that markets are attempting to stabilise, yet the underlying risks remain unresolved. Ongoing disruption in the Middle East, particularly around key shipping routes like the Strait of Hormuz, continues to threaten energy supply, global trade flows, and inflation. Investors are left navigating a landscape that appears calm on […]
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