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Bad Year Closes for Gold
By Numismatic News
January 09, 2014

This article was originally printed in Numismatic News.
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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.

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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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