The history of gold is closely linked to the history of humanity. For thousands of years, gold has been used as a means of payment, a symbol of wealth and prestige , and as a raw material for the manufacture of jewelry, decorative objects and coins.

The price of gold has experienced many fluctuations over the centuries. During ancient times, gold was used as currency , often in the form of bullion . Gold coins were first introduced by the Lydians, an ancient civilization in Asia Minor, in the 7th century BCE.

Over the following centuries, gold became increasingly important in international trade. During the Middle Ages, the Silk Roads connecting Europe and Asia were largely financed by gold, and Renaissance Italian bankers used gold as currency throughout Europe .

In the 19th century, gold was discovered in California and Australia, leading to a massive increase in supply and a decline in the price of gold. However, during the Great Depression of the 1930s, the U.S. government raised the price of gold and began stockpiling large quantities of gold to stabilize the economy .

In the 1970s, the end of convertibility of the dollar into gold led to a surge in gold prices. Investors have sought refuge in gold during periods of inflation and economic uncertainty , which has kept gold prices high.

Over the past few decades, the price of gold has fluctuated based on factors such as supply and demand, financial market volatility, inflation and political instability. Despite these fluctuations, gold has remained a safe haven and a popular investment for investors around the world.

In summary, the price of gold has a long and rich history, closely linked to the history of humanity. Although market fluctuations have often been unpredictable, gold has remained a valuable safe haven for investors around the world .