Price of Gold in 2005 The price of gold continued to increase in 2005, even though the US dollar started to improve. It was the first time experts in the industry started to predict an even greater rise, with some predicting prices would jump to $850 an ounce within a few years (which came to fruition). View our charts below to see what gold prices in 2005 were doing throughout the year. Gold Prices 2005 Chart What Impacted Gold Prices in 2005? Gold in 2005 traded 30% above its 10-year moving average on the New York Commodities Exchange. Oil prices also increased to around $60 a barrel, and economists were debating whether this would cause inflation or slow economic growth. Investors leaned towards inflation and started buying more gold. That wasn’t the only increase in gold sales, though. As the price of oil rose, Middle Eastern countries were getting more petrodollars, which they didn’t want to put back into paper assets – instead, they chose to protect their profits by buying gold bullion. Daily Gold Prices (Chart) To find the daily prices for Gold in this year, use the date filters in the chart above. The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data. Is Gold a Good Investment in Uncertain Times? Gold has become a valuable commodity during recession and depression due to its ability to withstand inflation and economic insecurity. Even when paper money loses value due to an economic downturn, the value of gold remains stable and generally rises, which is true throughout history. Gold may also be a good investment during inflation because when the price of goods and services rises, paper money usually falls. And when the US dollar decreases in value, people seek security elsewhere – usually on precious metals. Buy Gold Online with CanAm Here at CanAm, we understand that investing in precious metals is an important decision, and we price our Gold fairly and accurately to ensure you get the best deal. We always go above and beyond for our customers, and our experienced team are available to discuss your options at any time. Start shopping today if you’re ready to add pure Gold bars or Gold bullion to your portfolio. Or, if you have any questions about your gold investment options, get in touch with our team. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Price of Gold in 2014 READ MORE Price of Gold in 2004 READ MORE Price of Gold in 2010 READ MORE Price of Gold in 2018 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment