Exercise

Visualize the long-term gold price trend

In the previous video, you learned how to retrieve data from the Federal Reserve Economic Data (FRED) portal.

Here, you will use this new data source to visualize the gold price trend over the last 50 years, specifically, the Gold Fixing Price 10:30 AM (London time) in London Bullion Market, in US Dollars. DataReader, date, pandas as pd, and matplotlib.pyplot as plt have been imported.

Instructions

100 XP

Use date() to set start to January 1, 1968, and set series to series code 'GOLDAMGBD228NLBM'.
Pass series as the data,'fred' as the data source, and start as the start date to DataReader(). Assign to gold_price.
Inspect gold_price using .info().
Plot and show the gold_price series with title 'Gold Price'.