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Gold Price in 2005 | Historical Gold Prices
Annual summary, monthly averages, and key events that shaped gold prices in 2005
Jan 1
$426
Opening Price
Dec 31
$513
Closing Price
Year High
$536
Annual High
Year Low
$411
Annual Low
Annual Avg
$444
Average Price
vs 2004
+17.1%
Annual Change
Monthly Gold Price Chart — 2005
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $422High: $509
What Happened to Gold in 2005?
Gold surged in the second half of 2005, breaking through $500 for the first time since 1987. Hurricane Katrina in August disrupted US energy infrastructure and highlighted America's vulnerabilities. Strong Asian central bank demand and expanding gold ETF assets drove prices. The dollar's gradual weakening continued.