Price of Gold in 2003

The price of Gold in 2003 was impacted predominantly by a looming war with Iraq, and bullion was purchased by investors looking for risk assurance for their portfolios.

The charts below show the price of Gold in 2003 as well as the spot price fluctuations that occurred throughout the year.

Gold Prices 2003 Chart

What Impacted Gold Prices in 2003?

The 2003 invasion of Iraq by the United States began in March, leading to uncertainty and volatility in global financial and economic markets.

This positively influenced the value of gold, as people sought stable investment – considering the US dollar fell 20% against the Euro and was generally performing badly against other markets. The dollar saw a 6.4% drop in value just in the fourth quarter of 2003 alone.

When the dollar drops, gold values rise, and by the end of 2003, gold values hit US$400 an ounce – levels that hadn’t been seen since 1988.

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 Against Inflation?

A balanced portfolio will benefit from having gold as an investment asset. In the commodities markets, gold has some of the highest levels of liquidity, and its value has typically increased over time.

 Against inflation, gold is considered a worthwhile investment as a hedge – gold’s value tends to increase over time as the value of fiat currencies declines. This is because gold is a physical asset that can be stored and traded, unlike paper money or stocks.

As such, the price of gold will likely stay an excellent inflation hedge if people continue to view it as a desirable commodity – and as long as supply lasts.

Buy Gold Online with CanAm

Even though the price of gold varies greatly depending on the economy, availability, and demand, historically, it has been thought of as a way to enjoy financial security.

Whether you are a newbie or a seasoned investor, diversifying your portfolio with gold investments is a great idea. CanAm understands that choosing to invest in precious metals is a big decision. We fairly and accurately price our Gold to ensure you get the best value for the highest quality product.