The falling dollar and the threat of inflation has people rushing for something seemingly more stable. At the beginning of the year, an ounce of gold was trading at $2,669 an ounce. On Friday, though, gold closed at $3,668 an ounce, which is up more than 200% in the last two years. The falling dollar and the threat of inflation has people rushing for something seemingly more stable. "It's not really a really reactive metal," said gemologist Adam Johnson.