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Gold broke out above $1,500 in 2019, gaining about 18% as the Fed pivoted to rate cuts and the US-China trade war stoked recession fears.
Monthly path for 2019, anchored to the real open ($ 1,287.00), the high in September, the low in May, and the close ($ 1,517.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +18.33% versus its 2018 close of $ 1,282.00.
The September high came as the Fed cut rates and US-China trade-war fears peaked.
Gold’s low came in May, before its decisive summer breakout above $1,500.
After years of range-trading, 2019 was the year gold woke up. The catalyst was the Federal Reserve’s dramatic pivot: having raised rates in 2018, it cut them three times in 2019 as global growth wobbled and the US-China trade war intensified. Lower rates and rising uncertainty were exactly the mix gold needed.
The metal broke out above $1,500 in the summer — its first time at that level in six years — and held the gains into year-end around $1,517, up roughly 18%. It was the strongest annual performance since 2010 and marked the start of the powerful run that would follow in 2020.
The Federal Reserve reversed course and cut interest rates three times during the year.
An escalating US-China trade war fueled uncertainty and safe-haven demand.
Gold broke decisively above $1,500 for the first time since 2013.
A brief inversion of the US yield curve raised recession fears.
The Federal Reserve’s shift to cutting interest rates, combined with the US-China trade war and recession fears, drove gold up about 18% and above $1,500.
Gold climbed back above $1,500 per troy ounce in the summer of 2019, its first time at that level since 2013.
Gold's 2019 high was about $ 1,557.00 per troy ounce, reached in September.
The average gold price in 2019 was roughly $ 1,393.00 per troy ounce — it opened near $ 1,287.00 and closed around $ 1,517.00.
Gold rose about 18.3% over 2019, between a low of $ 1,267.00 and a high of $ 1,557.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.