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Gold rose about 13% in 2017 on a weaker dollar and geopolitical tension, even as the Fed steadily raised rates.
Monthly path for 2017, anchored to the real open ($ 1,152.00), the high in September, the low in January, and the close ($ 1,303.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +13.11% versus its 2016 close of $ 1,152.00.
The September high was driven by a persistently weak US dollar and rising tensions with North Korea.
Gold’s low came in January, at the start of a year of steady gains.
2017 was a quietly strong year for gold. Although the Federal Reserve continued raising interest rates — usually a headwind — a persistently weak US dollar and a steady drumbeat of geopolitical tension, especially around North Korea, kept demand firm. Gold ground higher for most of the year rather than spiking.
By September the metal had reached about $1,358, and it finished 2017 near $1,303, up roughly 13%. The year showed that a falling dollar could outweigh rising rates, a dynamic that would matter again in the years ahead.
A surprisingly weak US dollar supported gold throughout the year.
Rising tensions with North Korea boosted safe-haven demand.
The Federal Reserve raised rates three times, but gold absorbed the hikes.
Gold climbed steadily to a yearly high near $1,358 in September.
A weak US dollar and geopolitical tension, particularly with North Korea, outweighed the impact of the Federal Reserve’s rate hikes, lifting gold about 13%.
Gold reached a yearly high of roughly $1,358 per troy ounce in September 2017.
Gold's 2017 high was about $ 1,358.00 per troy ounce, reached in September.
The average gold price in 2017 was roughly $ 1,257.00 per troy ounce — it opened near $ 1,152.00 and closed around $ 1,303.00.
Gold rose about 13.1% over 2017, between a low of $ 1,151.00 and a high of $ 1,358.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.