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MSE’s Academy of Money

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The image is a line graph showing the price of gold between 1990 and 2021. Over this time period the price has risen markedly – from just above £200 per ounce to close to £1,200 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