Bad Year Closes for Gold|
January 09, 2014
The price of gold declined $472.90 in 2013, but as 2014 began it tried to claw some of the losses back.
For the record book, gold’s last close in 2012 was $1,674.80 a troy ounce. It’s final close in 2013 was $1,201.90.
The annual decline of 28.24 percent broke a series of 12 consecutive up years.
As sharp as gold’s fall was, silver fell farther.
It’s final close in 2012 was $30.173 a troy ounce. The last close in 2013 was $19.339. The difference of $10.834 is a 35.91 percent decline.
However, by the close of trading Jan. 7, gold had risen to $1,229.40 after almost reaching $1,240. Silver closed Jan. 7 at $19.765 after having traded over $20 in the opening days of the new year.
Silver will mark the third anniversary of its recent peak price of just under $50 at the end of April. Gold reaches the second anniversary of its all-time high of just under $1,900 at the end of August if you measure it by market closing prices and September if you mark it according to how high it traded during the day.
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• Strike it rich with this U.S. coins value pack.
• Get the 2012 Coin of the Year – limited quantities remain!
• Build an impressive collection with Coin Collecting 101.
• IT’S HERE! Order the 2014 North American Coins & Prices.
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