Best Answer

Yes. Gold is a comodity that is traded in the markets like any other comodity.

The recent rising price is a function of supply and demand. If for any reason demand for gold increased far beyond the ability to supply then the price would increase. Because gold is a finite natural resource, we've seen a surge in gold prices as world demand has risen.

However, a price of $1000 per ounce would probably require a major problem with the supply line.

Visit for the latest information on gold, complete with graphs and images.

User Avatar

Wiki User

โˆ™ 2015-07-15 21:02:46
This answer is:
User Avatar
Study guides

What is the Gold Standard

What is Standard and Poors

What would add up 10.25 with quarters and dimes

Is a patent a financial asset

See all cards
20 Reviews

Add your answer:

Earn +20 pts
Q: Could the price of gold ever rise to 1000 dollars per ounce?
Write your answer...
Still have questions?
magnify glass
People also asked