Price of Gold in 2014

Gold prices fell by 2% in 2014, which isn’t a major change compared to the increases and falls experienced in the years prior. Prices were mostly influenced by the threat of economic sanctions and potential (and ongoing) conflict across Europe.

Explore the graphs below to view the Gold Prices for 2014 and the price fluctuation during the year.

Gold Prices 2014 Chart

What Impacted Gold Prices in 2014?

As investors sought safety from escalating global concerns, gold prices jumped at the beginning of the year, going from roughly $1,200 per ounce to almost $1,400.

As a result of the Ukraine crisis and Russia’s subsequent annexation of Crimea in March, tensions between Russia and the West increased, and investors feared the impact of economic sanctions. As such, many turned to gold, which has historically served as a safe haven in times of market uncertainty.

Later in the year, investors added the new crisis in Iraq and the ongoing fighting in Gaza to the list of reasons gold price advances were justified.

While Q4 demand for gold increased by 6% in 2014, the annual total of 3,923.7t was down 4% from the previous year. The total supply remained unchanged at 4,278.2t, with the increased mine supply being offset by the fall in recycling volumes.

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.

What To Buy When Investing in Gold

There are many choices for investing in gold, with bars, coins and jewelry considered three of the most popular.

Gold bullion is often sold in 1 ounce and 10-ounce bars, though it is also available in smaller and larger sizes. Gold bars are a great way to invest in precious metal, but keeping tabs on its value is important so you can buy at the best time. Most bullion dealers change their pricing daily based on the actual price of gold.

Gold coins typically come in one- or two-ounce weights, but smaller fractional and decimal sizes are also produced. Gold coins are mostly sold in collectible forms, such as South African Krugerrands, Canadian Maple Leaf, and American Gold Eagles.

Gold jewelry, both new and pre-owned, is another popular kind of gold to invest in. However, it is vital to purchase investment jewelry from a trustworthy vendor and to collect as much supporting paperwork as possible.

Buy Gold Online with CanAm

CanAm values dependable relationships with its clientele and works hard to foster them. We ensure you receive the best value for your money by pricing our Gold fairly and honestly, and by providing unmatched customer service.

You can diversify your holdings for the better by purchasing pure gold bars or gold bullion. Get started on your purchases right away on our website or get in touch with our advisors if you have any questions.