Gold Climbs Despite Rate Hikes
Gold posted a solid 13.2% gain in 2017 despite three Fed rate hikes, driven by a weakening US dollar and geopolitical tensions with North Korea. Risk markets also rallied strongly, but gold held its own.
Start Price $1,151
End Price $1,303
Annual Return +13.2%
Key Events in 2017
- Fed raised rates three times
- US dollar weakened significantly despite rate hikes
- North Korea missile tests drove safe-haven flows
- Global synchronized economic growth
Key Factors
Frequently Asked Questions
Why did gold rise despite interest rate increases in 2017?
Despite three Fed rate hikes, the US dollar weakened in 2017 due to political uncertainty and stronger growth abroad, which boosted gold. Geopolitical tensions with North Korea also drove safe-haven demand.
What was the gold price at the end of 2017?
Gold closed 2017 at approximately $1,303 per troy ounce, up from $1,151 at the start of the year, representing a 13.2% annual gain.
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.