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$XAUT
If you had bought gold for $1,000 ten years ago (in 2016), that investment would be worth about $3,600 - $4,000 today. Gold has shown impressive growth, especially in recent years, outperforming many classic assets.
Investment dynamics by year 2016:
The average price was about $1,250 - $1,350 per troy ounce. With $1,000 you could buy approximately 0.75 - 0.8 ounces.
Present day:
The price of an ounce fluctuates around $4,000. Accordingly, your amount of gold would be worth about $3,900 - $4,000 (growth of almost 4 times).
The historical rise in the price of gold is due to its status as a safe-haven asset, which protects capital from inflation, geopolitical tensions, and currency weakening. An additional driver was the massive purchases of the precious metal by global central banks.