The London Bullion Market Association’s (LBMA’s) gold price hit an all-time record high at $2 034.45/oz on August 5 – representing the first time in its more than 100-year history, that the London price of gold has exceeded $2 000 a troy ounce.
The new record price continues gold’s rapid rise from the metal’s opening price on January 2 at $1 520.55/oz. Since then, it has gained 33.8% in the 149 trading days to date, breaching $1 900/oz for the first time on July 24.
