Gold Slumps as Fed Hikes Rates
Gold fell over 10% in 2015 as the Federal Reserve raised interest rates for the first time since 2006. A strong US dollar and low inflation expectations weighed heavily on the metal.
Start Price $1,184
End Price $1,060
Annual Return -10.5%
Key Events in 2015
- Fed raised rates in December for the first time in nearly a decade
- US dollar index rose to 12-year highs
- China devalued the yuan, sparking brief safe-haven demand
- European Central Bank expanded quantitative easing
Key Factors
Frequently Asked Questions
Why did gold fall in 2015?
Gold declined primarily because the Federal Reserve signaled and then executed its first rate hike in nearly a decade, strengthening the US dollar and reducing gold's appeal as a non-yielding asset.
What was the average gold price in 2015?
The average gold price in 2015 was approximately $1,160 per troy ounce, with prices ranging from a high near $1,296 in January to a low of $1,049 in December.
Important disclaimer
This website is for informational purposes only and is not financial advice. Always speak with a licensed financial advisor before making investment decisions.