Gold ETF (GLD) in 2015
Gold ETF (GLD) opened 2015 at $114.08 and closed at $101.46, a -11.06% move for the year. The high of $125.23 was reached on January 22, and the low of $100.5 on December 17.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $114.08 | $123.45 | $125.23 | $114.08 | +8.21% |
| Feb | $122.42 | $116.16 | $122.42 | $115.26 | -5.11% |
| Mar | $115.68 | $113.66 | $115.68 | $110.21 | -1.75% |
| Apr | $115.6 | $113.47 | $116.69 | $113.05 | -1.84% |
| May | $113.08 | $114.1 | $117.53 | $113.08 | +0.90% |
| Jun | $114 | $112.37 | $115.32 | $112.24 | -1.43% |
| Jul | $111.98 | $104.93 | $112.06 | $104.27 | -6.30% |
| Aug | $104.1 | $108.82 | $111.13 | $103.93 | +4.53% |
| Sep | $109.2 | $106.86 | $110.49 | $105.9 | -2.14% |
| Oct | $106.73 | $109.3 | $113.81 | $106.73 | +2.41% |
| Nov | $108.59 | $101.92 | $108.59 | $101.25 | -6.14% |
| Dec | $102.28 | $101.46 | $104.02 | $100.5 | -0.80% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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