January 2012 marked a time of high demand and growing prices for gold, as investors around the world sought a safe haven for their assets in the face of uncertain economic conditions. Despite some fluctuations, the price of gold remained relatively steady throughout the month, reaching new highs and establishing a strong foundation for future growth.
| Gold Price EUR /oz | Gold Price USD /oz | |
|---|---|---|
| 01/01/2012 Gold price on 1 January 2012 | 1.206,23 | 1.563,15 |
| 02/01/2012 Gold price on 2 January 2012 | 1.210,95 | 1.566,25 |
| 03/01/2012 Gold price on 3 January 2012 | 1.228,75 | 1.604,02 |
| 04/01/2012 Gold price on 4 January 2012 | 1.245,91 | 1.612,10 |
| 05/01/2012 Gold price on 5 January 2012 | 1.268,71 | 1.622,88 |
| 06/01/2012 Gold price on 6 January 2012 | 1.271,02 | 1.616,98 |
| 09/01/2012 Gold price on 9 January 2012 | 1.262,43 | 1.611,23 |
| 10/01/2012 Gold price on 10 January 2012 | 1.277,74 | 1.632,56 |
| 11/01/2012 Gold price on 11 January 2012 | 1.292,25 | 1.642,13 |
| 12/01/2012 Gold price on 12 January 2012 | 1.287,89 | 1.650,20 |
| 13/01/2012 Gold price on 13 January 2012 | 1.292,57 | 1.639,06 |
| 16/01/2012 Gold price on 16 January 2012 | 1.298,10 | 1.643,65 |
| 17/01/2012 Gold price on 17 January 2012 | 1.297,00 | 1.652,43 |
| 18/01/2012 Gold price on 18 January 2012 | 1.291,35 | 1.660,03 |
| 19/01/2012 Gold price on 19 January 2012 | 1.278,79 | 1.658,27 |
| 20/01/2012 Gold price on 20 January 2012 | 1.288,71 | 1.666,55 |
| 23/01/2012 Gold price on 23 January 2012 | 1.289,13 | 1.677,02 |
| 24/01/2012 Gold price on 24 January 2012 | 1.277,96 | 1.665,38 |
| 25/01/2012 Gold price on 25 January 2012 | 1.306,07 | 1.710,67 |
| 26/01/2012 Gold price on 26 January 2012 | 1.312,69 | 1.720,60 |
| 27/01/2012 Gold price on 27 January 2012 | 1.315,60 | 1.739,09 |
| 29/01/2012 Gold price on 29 January 2012 | 1.315,33 | 1.738,05 |
| 30/01/2012 Gold price on 30 January 2012 | 1.315,45 | 1.728,35 |
| 31/01/2012 Gold price on 31 January 2012 | 1.325,78 | 1.735,20 |
At the beginning of the month of january, the price of gold was already at a high level, with an average price of $1,531.50 per ounce on January 1st, 2012. This reflected growing demand for the precious metal, which had risen steadily in the previous months due to a combination of inflationary pressure, economic uncertainty, and investment demand.
However, the price of gold continued to rise throughout the month, reaching a new high of $1,620.00 per ounce on January 6th, 2012. This increase was driven by a range of factors, including a weak US dollar, low interest rates, and ongoing concerns about the European debt crisis.
Despite some fluctuations in the latter part of the month, the price of gold remained relatively steady, with an average price of $1,696.00 per ounce on January 31st, 2012. This solid performance reflected a continued demand for the precious metal, as investors sought to protect their assets in the face of ongoing economic uncertainty and a turbulent global financial market.
Overall, January 2012 was a time of growth and stability for the gold market, with the price of gold remaining relatively steady despite some fluctuations. This solid performance set the stage for further growth in the coming months and years, as investors continued to seek the safety and security of gold in the face of uncertain economic conditions.
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