Price of Gold in 2013

Following an exciting few years for gold investors, which saw the price of gold increase significantly, 2013 brought the market back to reality with a decrease of over US$400 an ounce.

You can see the highs and lows using the following charts for Gold Prices for 2013.

Gold Prices 2013 Chart

What Impacted Gold Prices in 2013?

Gold investors had high hopes for the future of the yellow metal coming into 2013, thanks to 12 years of consecutive rises. However, gold lost more than 25% of its value, falling by $475 per ounce.

In April, gold prices fell $200 in two days as investors were worried that the central bank of Cyprus, which was experiencing a banking crisis at the time, would have to sell up its gold holdings to prevent the collapse of the country’s economy.

Concerns about a possible policy move at the Federal Reserve also led to more losses for the gold market.

Demand for gold in 2013 was 15% lower than the robust levels seen in 2012, as the effects of ETF outflows and weaker central bank buying more than offset the positive impact of strong consumer demand.

Even though demand for gold jewelry, bars, and coins was at an all-time high, total annual demand for gold fell by 15%.

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?

Investing in gold is a good idea for anyone who wants their money to grow and be secure in uncertain times like economic downturns, trade wars, and other forms of economic adversity.

Bank failures, vast public and private debt, and massive budget and trade deficits are just a few of the systemic hazards that threaten to bring down the financial system – gold is a tried and true technique of preserving your wealth from these dangers.

Gold bullion bars and coins also give investors actual possession of their riches. Holding gold at home or in secure storage gives you full control, ownership, and responsibility over your own financial security.

Buy Gold Online with CanAm

One simple way to diversify into the precious metals market is to buy gold in the form of bars, coins or rounds. CanAm’s service is unparalleled from the time of purchase until the time of delivery, including transparent pricing and safe, reliable shipping.

Get in touch with our knowledgeable staff immediately if you have any concerns or questions about the choices available. And shop online today to get started.