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Gold ended 2014 slightly lower after a strong start faded; a surging dollar and the end of the Fed’s QE program weighed on prices.
Monthly path for 2014, anchored to the real open ($ 1,225.00), the high in March, the low in November, and the close ($ 1,184.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold fell -1.74% versus its 2013 close of $ 1,205.00.
The March high came as tension over Russia’s annexation of Crimea boosted safe-haven demand.
The November low came as a strong dollar and the end of the Fed’s QE program weighed on gold.
2014 began with promise. Geopolitical tension over Russia’s annexation of Crimea pushed gold up toward $1,385 by March, suggesting the 2013 rout might be over. But the recovery proved short-lived.
As the year went on, a strengthening US economy, the end of the Federal Reserve’s quantitative-easing program, and a powerful dollar rally dragged gold back down, to a low near $1,142 in November. It finished the year around $1,184, marginally lower — a second straight down year, though far milder than 2013’s collapse.
Russia’s annexation of Crimea early in the year briefly lifted gold toward $1,385.
The Federal Reserve wound down its QE bond-buying program by October.
A powerful US dollar rally in the second half pressured gold.
Gold drifted to a yearly low near $1,142 in November.
A strengthening US dollar and the end of the Federal Reserve’s QE program weighed on gold, pulling it down to around $1,142 by November.
Geopolitical tension surrounding Russia’s annexation of Crimea briefly pushed gold up toward $1,385 in March 2014.
Gold's 2014 high was about $ 1,385.00 per troy ounce, reached in March.
The average gold price in 2014 was roughly $ 1,266.00 per troy ounce — it opened near $ 1,225.00 and closed around $ 1,184.00.
Gold fell about 1.5% over 2014, between a low of $ 1,142.00 and a high of $ 1,385.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.