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Gold suffered its worst year in over three decades in 2013, plunging about 28% as the Fed signalled an end to easy money and ETF investors fled.
Monthly path for 2013, anchored to the real open ($ 1,675.00), the high in January, the low in June, and the close ($ 1,205.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold fell -28.06% versus its 2012 close of $ 1,675.00.
Gold’s high came in January, just before the historic April–June crash.
The June low came in the brutal mid-year selloff triggered by fears the Fed would taper its stimulus.
2013 brought a violent end to gold’s twelve-year bull market. The trigger was the Federal Reserve’s signal that it would begin “tapering” the stimulus that had supported gold for years. As investors anticipated higher real yields and a recovering economy, they dumped gold — most dramatically in April and June, when prices crashed below $1,200.
Massive outflows from gold-backed ETFs accelerated the decline, and a roaring US stock market gave investors a more appealing home for their money. Gold closed the year around $1,205, down roughly 28% — its worst annual performance in over thirty years and the start of a multi-year bear market.
Talk of the Federal Reserve “tapering” its bond-buying triggered a brutal selloff.
Gold crashed in April and June, breaking below $1,200 mid-year.
Huge outflows from gold ETFs amplified the decline.
A booming US stock market drew investors away from gold.
The Federal Reserve’s plan to taper its stimulus, combined with heavy gold-ETF outflows and a booming stock market, drove gold down about 28% — its worst year in decades.
Gold fell from around $1,675 to about $1,205, dropping roughly 28% and breaking below $1,200 mid-year.
Gold's 2013 high was about $ 1,694.00 per troy ounce, reached in January.
The average gold price in 2013 was roughly $ 1,411.00 per troy ounce — it opened near $ 1,675.00 and closed around $ 1,205.00.
Gold fell about 28.0% over 2013, between a low of $ 1,192.00 and a high of $ 1,694.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.