GoldPrice ConverterLoading live prices…
Gold rose about 13% in 2023, hitting a record high near $2,135 as a banking scare and heavy central-bank buying boosted demand.
Monthly path for 2023, anchored to the real open ($ 1,824.00), the high in December, the low in October, and the close ($ 2,063.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +13.10% versus its 2022 close of $ 1,824.00.
Gold set a record in early December on optimism that the Fed’s rate-hike cycle had peaked, alongside heavy central-bank buying.
The October low came as US Treasury yields spiked to multi-year highs, temporarily pressuring gold.
Gold spent 2023 proving its safe-haven credentials. When Silicon Valley Bank failed in March and fears of a wider banking crisis spread, investors poured into the metal, driving it back toward $2,000. Although those fears faded, gold held its gains thanks to extraordinary central-bank buying and growing conviction that US interest rates were near their peak.
The year ended on a high note: gold printed a record intraday level near $2,135 in early December and closed the year around $2,063, up roughly 13%. It was a year that showed how official-sector demand had become a powerful new pillar under the gold price.
The collapse of Silicon Valley Bank in March sparked a banking-sector scare and a rush into safe havens.
Central banks bought gold at a near-record annual pace for the second year running.
Gold closed above $2,000 for the first time and set a record intraday high near $2,135 in early December.
Hopes that the Fed’s rate-hiking cycle had peaked supported prices into year-end.
Gold hit a record intraday high of roughly $2,135 per troy ounce in early December 2023.
The March 2023 collapse of Silicon Valley Bank triggered a flight to safety that pushed gold sharply higher, back toward $2,000.
Gold's 2023 high was about $ 2,135.00 per troy ounce, reached in December.
The average gold price in 2023 was roughly $ 1,943.00 per troy ounce — it opened near $ 1,824.00 and closed around $ 2,063.00.
Gold rose about 13.1% over 2023, between a low of $ 1,810.00 and a high of $ 2,135.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.