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Gold bottomed and turned higher in 2001, ending a 20-year bear market as the dot-com bust and the 9/11 attacks revived safe-haven demand.
Monthly path for 2001, anchored to the real open ($ 272.00), the high in September, the low in April, and the close ($ 277.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +1.47% versus its 2000 close of $ 273.00.
2001 was the turning point. After two decades of decline, gold made its final bear-market low near $256 in April. Then the world changed: the dot-com bubble burst, eroding faith in paper assets, and the September 11 attacks delivered a profound shock that sent investors scrambling for safety.
Gold closed the year up modestly near $277 — an unremarkable number that masked a historic shift. The 20-year bear market was over, and the foundations of a generational bull market had been laid.
Gold touched a cycle low around $256 in April, near the end of its long bear market.
The bursting of the dot-com bubble shook confidence in financial assets.
The September 11 attacks triggered a sharp safe-haven spike.
Gold finished the year higher for the first time in years, near $277.
Gold made its final bear-market low near $256 per troy ounce in April 2001, ending a roughly 20-year decline.
The September 11 attacks triggered a sharp safe-haven spike in gold and helped revive long-dormant investment demand.
Gold's 2001 high was about $ 293.00 per troy ounce, reached in September.
The average gold price in 2001 was roughly $ 271.00 per troy ounce — it opened near $ 272.00 and closed around $ 277.00.
Gold rose about 2.5% over 2001, between a low of $ 256.00 and a high of $ 293.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.