In 2002, gold traded for less than $300 per troy ounce. In 2010, the rate popped above $1,400.
Why did gold’s value rocket up so high? How much higher do some analysts predict gold prices will soar?
Experts have four main theories to try to explain the rise in gold prices. While no theory is 100% perfect, each one has played a role in the recent cost of gold.
Theories for Increases in the Price of Gold