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Gold Prices From 1790 To 1990

The document describes a dataset containing daily gold prices from April 1968 to 2019, including key facts about the data source and license, sample records, and a description of historical gold prices and their role in monetary systems.

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sshyam3
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30 views

Gold Prices From 1790 To 1990

The document describes a dataset containing daily gold prices from April 1968 to 2019, including key facts about the data source and license, sample records, and a description of historical gold prices and their role in monetary systems.

Uploaded by

sshyam3
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Gold Prices

Summary
The Gold Prices dataset includes daily prices of Gold since April 1968.

Key Facts
Date Created 2014

Date Modified 2019-12-09

Version 2019-12-09

Update Frequency Quarterly

Complexity Simple

Temporal Coverage 1968-04 to 2019-12

Spatial Coverage N/A

Source Bundesbank Statistics

Source License URL N/A

Source License N/A


Requirements

Source Citation N/A

Keywords Gold Prices, Gold Price Fluctuations, Gold Daily Prices

[email protected] John Snow Labs, Inc. 2019 +1 (302) 786-5227


Other Titles and Uses
- Bundesbank Gold Prices

- Daily Gold Prices

Description
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a
way of diversifying risk, especially through the use of futures contracts and derivatives.

The gold market is subject to speculation and volatility as are other markets. Compared to other
precious metals used for investment, gold has the most effective safe haven and hedging properties
across a number of countries. Daily prices of Gold since April, 1968 are included in the dataset.

Gold has been used throughout history as money and has been a relative standard for currency
equivalents specific to economic regions or countries, until recent times. Many European countries
implemented gold standards in the latter part of the 19th century until these were temporarily
suspended in the financial crises involving World War I. After World War II, the Bretton Woods system
pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the
1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States
dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from
gold was the Swiss Franc in 2000

Dataset Prices of gold are prices in London on morning fixing for 1 ounce of fine gold in USD.

[email protected] John Snow Labs, Inc. 2019 +1 (302) 786-5227


Schema
Field Name Type Description Properties

Date Date Gold Price data for specific dates Required

Price Number Daily Gold Price Level: Ratio; Currency: USD

Sample Records
Date Price

Date Price

2019-11-30

2019-12-01

[email protected] John Snow Labs, Inc. 2019 +1 (302) 786-5227

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