MSE’s Academy of Money: Session 5: Figure 14 Commodity prices can be volatile

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The image is a line graph showing the price of gold between 2002 and 2022. Over this time period the price has risen markedly – from just above £200 per ounce to close to £1,500 per ounce. This increase in price was particularly pronounced from 2006. The direction of price was, though, not upwards throughout with sharp falls in price in the mid-2010s and in 2020.

Figure 14 Commodity prices can be volatile

13 Understanding commodities

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