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Aktagold - September 2024 Report

Monthly Analysis Report

September 2024



Gold Price - August 2024

(Prices per ounce)


  • Start: $2,448

  • Close: $2,503

  • Highest: $2,530 (20-Aug)

  • Lowest: $2,375 (5-Aug)


AUGUST 2024 GOLD SPOT PRICE (US DOLLARS PER OUNCE)

Source: TradingView


Highlights


August, usually a quiet month for precious metals, proved to be a solid one for gold. Following a strong monthly performance in July, gold posted a healthy gain in August, finishing the month at $2,503 / oz. Gold started the month with a rapid increase in price followed by a quick decline, which led it to its lowest level of the month at $2,375 / oz on August 5th. From that point on, gold continued a solid upward trend, reaching another new all-time-high at $2,530 / oz on August 20, and closing the month above $2,500 per ounce for the first time ever ($2,503 / oz on August 31st). The balance of the month was a solid + 2.27% increase in price, equivalent to + $55 / oz.


As of August 31, 2024, gold's accrued price performance is:


  • 1-Month: + 2.27%

  • 6-Months: + 22.46%

  • Year to Date: + 21.35%

  • 1-Year:  + 29.05%

  • 5 Years: + 63.89%



In the News



Quote of the Month


“I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counter-party signature.”

Alan Greenspan



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© 2024, Aktagold Inc. The content of this website is for informational purposes only. You should not construe any such information or other materials included herein as legal, tax, investment, financial, or other advice. Past performance of savings instruments may not be indicative of future results. Different types of investments involve different degrees of risk and there can be no guarantee that the future performance of any specific asset class or product referred to in this document will be profitable, equal the level of historical performance of any other investment indicated on a comparative basis, or suitable for your portfolio.

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