Gold Report 2011
New Zealand Mint’s Mike O’Kane tracks gold’s ups and downs
Gold had a year of ups and downs, surging to record prices in both USD$1921 and NZD$2325 before pulling back and trading within a range for the last 2 months. Key price influences during the year were a mix of the predictable – for example the Indian wedding season – and the unforeseen – a third quarter price run.
Here’s a quarter-by-quarter analysis of the year.