The price of gold reached an all time high in US Dollar terms in late electronic trading yesterday. Gold has continued higher this morning and is currently trading at $1,239 per ounce.

The previous all time high for gold was $1,226.10, reached in December 2009.

Gold had finished 2009 with a price of $1,087.50. This means that gold is up $151.50 or 14% for the year. During the previous year, gold had achieved an annual gain of 25.04%.

Although gold is currently in the spotlight, silver, platinum, and palladium have even larger gains so far during 2010. Compared to last year's closing prices, silver has risen from $16.99 to $19.66 per ounce, gaining 15.71%; platinum has risen from $1,461 to $1,729, gaining 18.34%; and palladium has risen from $393 to $541, gaining 37.66%.

View the 2009 performance for gold, silver, platinum, and palladium.