2015 was a year of volatility for the gold market. The price of gold started the year at around $1,200 per ounce and fluctuated throughout the year, reaching a low of around $1,050 in November before ending the year at around $1,060.
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
The primary factor that drove the price of gold in 2015 was the U.S. Federal Reserve’s monetary policy.
Throughout the year, there was speculation about when the Fed would begin to raise interest rates. As the year progressed, it became clear that the economy was stronger than expected, and the Fed ultimately raised rates in December for the first time in almost a decade.
This tightening of monetary policy made it more expensive to hold positions in gold, and investors fled the metal in favor of higher-yielding assets like bonds. The strengthening of the U.S. dollar also put pressure on gold prices, as a stronger dollar makes commodities priced in the currency more expensive for buyers using other currencies.
In addition to monetary policy, geopolitical events also had an impact on the price of gold.
The ongoing conflict in the Middle East and the growing threat of terrorism continued to drive demand for safe-haven assets like gold. The ongoing crisis in Ukraine and the resulting sanctions against Russia also put upward pressure on the price of gold, as investors sought safety in the face of increased geopolitical risk.
2015 was a challenging year for the gold market.
With prices impacted by a combination of monetary policy, geopolitical events, and a stronger U.S. dollar. However, despite these headwinds, gold still managed to end the year slightly higher than where it began, which is a testament to the metal’s resilience and its status as a long-term store of value. Gold prices were expected to bottom out in 2015 after a two-year decline. This is due to a number of factors, including better prospects for gold sales in Asia, lower selling from Western investors, and a retreat in mine supply. The end of the bear cycle for gold may come shortly after the Federal Reserve starts raising interest rates, which is expected to be slow and modest.
The company predicts that gold prices will bottom out at $1,080 an ounce and average $1,190 an ounce in the full year. From 2016 onwards, various factors such as debt, inflation, foreign exchange, commodity, and equity markets and international relations could lead to a renewed gold bull market. In 2014, demand for gold jewelry, coins, and bars fell 2% due to a 28% slump in the previous year, while jewelry consumption declined 9% and physical investment slid 41%. This year, Metals Focus predicts a 3% rise in jewelry consumption and a slightly lower buying rate by central banks. Gold mine production is expected to decline by 14 tonnes after rising 2% to a record 3,133 tonnes in 2014.
Monthly historical data for XAU/USD (Gold/US Dollar) for the year 2015:
Date
Open
High
Low
Close
Jan 2015
1182.70
1306.00
1167.00
1266.00
Feb 2015
1266.00
1307.00
1190.00
1219.00
Mar 2015
1219.00
1228.00
1142.00
1178.00
Apr 2015
1178.00
1221.00
1143.00
1184.00
May 2015
1184.00
1220.00
1162.00
1189.00
Jun 2015
1189.00
1209.00
1168.00
1171.00
Jul 2015
1171.00
1106.00
1077.00
1086.00
Aug 2015
1086.00
1133.00
1077.00
1132.00
Sep 2015
1132.00
1156.00
1075.00
1114.00
Oct 2015
1114.00
1190.00
1075.00
1145.00
Nov 2015
1145.00
1092.00
1045.00
1067.00
Dec 2015
1067.00
1098.00
1043.00
1062.00
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
Monthly historical data for XAU/AUD (Gold/Australian Dollar) for the year 2015:
Date
Open
High
Low
Close
Jan 2015
1435.11
1552.94
1401.28
1529.57
Feb 2015
1529.57
1568.29
1437.90
1479.29
Mar 2015
1479.29
1502.61
1393.61
1428.31
Apr 2015
1428.31
1464.47
1394.57
1417.91
May 2015
1417.91
1472.34
1399.07
1425.20
Jun 2015
1425.20
1455.22
1408.52
1437.38
Jul 2015
1437.38
1363.63
1336.52
1363.63
Aug 2015
1363.63
1414.63
1340.75
1406.20
Sep 2015
1406.20
1432.95
1337.33
1384.28
Oct 2015
1384.28
1490.28
1334.25
1448.63
Nov 2015
1448.63
1384.20
1314.09
1357.26
Dec 2015
1357.26
1396.99
1313.46
1339.45
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
Monthly historical data for XAU/NZD (Gold/New Zealand Dollar) for the year 2015:
Date
Open
High
Low
Close
Jan 2015
1539.84
1692.18
1511.54
1666.25
Feb 2015
1666.25
1713.47
1552.87
1597.20
Mar 2015
1597.20
1621.60
1501.29
1543.03
Apr 2015
1543.03
1584.14
1502.09
1518.50
May 2015
1518.50
1573.00
1503.04
1528.54
Jun 2015
1528.54
1559.75
1505.94
1542.19
Jul 2015
1542.19
1462.54
1429.81
1462.54
Aug 2015
1462.54
1513.13
1432.98
1496.51
Sep 2015
1496.51
1527.17
1428.13
1471.07
Oct 2015
1471.07
1582.48
1427.29
1543.75
Nov 2015
1543.75
1477.83
1399.55
1458.26
Dec 2015
1458.26
1494.78
1399.89
1437.32
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
Monthly historical data for XAU/CAD (Gold/Canadian Dollar) for the year 2015:
Date
Open
High
Low
Close
Jan 2015
1248.14
1365.26
1238.55
1357.27
Feb 2015
1357.27
1389.78
1262.80
1296.16
Mar 2015
1296.16
1326.80
1233.17
1261.35
Apr 2015
1261.35
1288.14
1226.48
1270.49
May 2015
1270.49
1322.10
1247.87
1298.90
Jun 2015
1298.90
1329.14
1275.21
1322.13
Jul 2015
1322.13
1263.84
1235.98
1243.24
Aug 2015
1243.24
1291.26
1226.62
1283.56
Sep 2015
1283.56
1309.19
1228.09
1269.23
Oct 2015
1269.23
1362.91
1224.15
1335.51
Nov 2015
1335.51
1271.36
1196.56
1237.75
Dec 2015
1237.75
1264.80
1184.39
1209.76
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
Monthly historical data for XAU/GBP for the year 2015:
Date
Open
High
Low
Close
Jan 2015
835.81
923.25
825.87
918.15
Feb 2015
918.15
935.63
849.17
865.27
Mar 2015
865.27
879.23
812.67
844.34
Apr 2015
844.34
871.72
818.50
835.35
May 2015
835.35
865.16
816.06
827.98
Jun 2015
827.98
853.69
821.07
849.87
Jul 2015
849.87
790.46
774.90
788.44
Aug 2015
788.44
825.16
782.67
807.47
Sep 2015
807.47
829.51
781.89
798.56
Oct 2015
798.56
867.80
781.08
838.41
Nov 2015
838.41
795.94
753.02
774.58
Dec 2015
774.58
797.00
746.17
752.39
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.
Monthly historical data for XAU/INR (Gold/Indian Rupee) for the year 2015:
Date
Open
High
Low
Close
Jan 2015
26,822.00
28,540.00
26,514.00
28,219.00
Feb 2015
28,219.00
28,390.00
26,139.00
26,579.00
Mar 2015
26,579.00
26,778.00
24,440.00
25,715.00
Apr 2015
25,715.00
26,127.00
24,616.00
25,399.00
May 2015
25,399.00
27,165.00
25,200.00
26,944.00
Jun 2015
26,944.00
27,319.00
25,881.00
27,014.00
Jul 2015
27,014.00
24,667.00
24,241.00
24,422.00
Aug 2015
24,422.00
25,415.00
24,152.00
24,524.00
Sep 2015
24,524.00
25,230.00
23,645.00
24,021.00
Oct 2015
24,021.00
26,317.00
23,762.00
26,317.00
Nov 2015
26,317.00
25,423.00
23,977.00
24,383.00
Dec 2015
24,383.00
24,566.00
23,308.00
23,644.00
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decision
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