Since then, it has traded freely on the world market – at one time reaching a value of around USD 2,000 per ounce. Globally, this approach only came to an end with the collapse of the Bretton Woods economic order in the early 1970s.Īs a result, the gold price was freed from its peg of USD 35 per ounce.

Over the centuries, countries have used it to protect their economy by pegging the gold price to their respective currency. For millennia, this rare, shiny metal has been synonymous with wealth, power, and stability. Gold has long held a great fascination for people. Gold has always been seen as a safe investment Structured lending and real estate financeĮxpertise on forms of investment and wealth management Search Clean input in search field Go Main navigation Credit Suisse Bank (Europe) Italian Branch.

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