Gold Performance the Worst Since 2015

Gold reached $2,069.40 per troy ounce in early March and has now decreased by 8.2 percent for the year (as of Sept. 20 when this commentary was written), making this gold’s worst performance since 2015. The spot price of both bullion and intrinsically impacted gold coins have followed, even though demand for these coins appears to have remained steady. The trading range for gold remains between about $1,650 and $1,800 an ounce. Gold American Eagle coins typically sell at a premium, but that isn’t true of all gold coins in general. The spot price of silver and platinum have also declined from their highs, but not as drastically as their yellow metal cousin. Once again, collectors and speculators continue to treat this as a dip and a buying opportunity rather than as a calamity.

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