According to the currency in which it is observed, we see that the evolution of the price of gold changes dramatically. This article presents the historical chart of gold prices in the following currencies: EUR, USD, GBP, JPY, CHF, INR, CNY.
The price and quotation of gold is changing so depending on the currency in which you look at it. Indeed, the exchange rate and the purchasing power of a currency change dramatically the evolution of pix of gold. We often see that when a currency is devalued, the price of gold tends to skyrocket.
Historical chart of the gold spot in euro (EUR).
The euro is the official currency of the Eurozone.
Looking at the historical chart of the gold price in euro, there is exponential growth course from 2006. From 2006, the price of gold over 10 years significantly increases due the weak dollar, rising oil prices and geopolitical worries.
Historical chart of the gold spot in dollar (USD).
The dollar is the most widely used currency in the world and the official currency of the United States.
Looking at the chart of the gold price in dollars, we see that after the increase in 2011 – 2012, the price of gold has fallen and has not rebounded, unlike the price of gold in euros. So we can say that the price of gold in dollars is currently more in a downtrend.
The graph in quotation of gold in dollars shows that the price increase in 2013 was less marked, unlike the graph of the gold price in euro, and 2013 marks its historical peak.
Historical chart of the gold spot in pound sterling (GBP).
The pound sterling is the currency used in the United Kingdom.
The graph of sterling gold price is very similar to the graph of the gold price in dollars.