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Gold rose about 18% in 2005, a breakout year in which it rallied in every major currency, not just a weak dollar.
Monthly path for 2005, anchored to the real open ($ 427.00), the high in December, the low in February, and the close ($ 513.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +17.12% versus its 2004 close of $ 438.00.
2005 marked an important shift. Until then, much of gold’s rise had been a mirror image of dollar weakness. In 2005 the metal climbed strongly in every major currency — euros, yen and pounds alike — signalling genuine, broad-based investment demand rather than a simple currency play.
That maturing bull market carried gold above $500 late in the year for the first time since 1987, and it closed near $513, up about 18%. It was the clearest sign yet that gold’s revival had real legs.
For the first time in the cycle, gold rose strongly against the euro and yen too — not only the dollar.
Investment demand broadened as inflation worries crept higher.
Gold pushed through $500 late in the year for the first time since 1987.
It closed the year near $513, a multi-decade high.
It was the year gold rose strongly in all major currencies, not just against a weak dollar, signalling broad-based investment demand.
Gold climbed above $500 per troy ounce late in 2005, its first time at that level since 1987.
Gold's 2005 high was about $ 537.00 per troy ounce, reached in December.
The average gold price in 2005 was roughly $ 445.00 per troy ounce — it opened near $ 427.00 and closed around $ 513.00.
Gold rose about 18.0% over 2005, between a low of $ 411.00 and a high of $ 537.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.