Dwelling into the matter of gold prices even deeper, one could not help but notice that that gold prices were at their peak towards the end of each quarter with an average price increase of $49 for each troy ounce. The bull market for gold which began in 2001 had the biggest surge in 2005 (biggest annual dollar increase), that saw prices for the precious metal increase by over $80US. Nevertheless, this was only the 3rd biggest increase in percentage terms.
Gold prices in Euros even made larger gains with increases that reached nearly 35 % in 2005, whereas the Japanese Yen Gold Prices went up close to 36 % in the same year. The most unconventional observation made in 2005 was the fact that gold price, which conventionally moves in the opposite direction of the greenback movement increased along with the dollar when the dollar went up by 15 % against the euro. Another factor worth noting was that gold prices broke out from all major currencies. Thus, it can be said that the unorthodox gold price movement in 2005 was a sign of the impending economic meltdown that the world suffered from in the following years.