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Highest Ever Gold Price in US Dollars - All Peak Fix Prices Recorded

Gold News & Press Comments

Record High Gold Price in US Dollars - Breaks $1,300

The 28 year record high gold price, in US Dollars, previously $850.00 on the p.m. fix on 21st January 1980, was smashed several times in January and February 2009, hits $1,146 on 18th November 2009, on to over $1,300 in September, October 2010.

December 2009

The 28 year record high gold price, in US Dollars, previously $850.00 on the p.m. fix on 21st January 1980, was smashed several times in January and February 2009, hit $1218.25 December 3rd 2009.

New All-Time Dollar High in October 2009

On the afternoon London Fix of 6th October 2009, gold fixed at $1,038.75 per troy ounce. This was the highest ever dollar fix, until...
the next day, on the morning London Fix of 7th October 2009, fixed further up at another new all-time high of $1,047 per ounce.
Now $1,134.75 on 17th November 2009.

Previously...

The previous all-time record high gold price in US dollars, reached on 21st January 1980, fixing at $850.00 on that day's p.m. London fix, was finally topped on January 3rd 2008, 11 times in January, and again on February 1st.
On 13th March 2008, it broke through the $1,000 per ounce barrier for the first time ever. Although it retreated to about $995, we think it may fix at over $1,000 tomorrow or soon.
It bottomed out in 1999, and has been on an uptrend ever since. In May 2006, and October 2007, it hit new all-time peaks in pounds sterling.
As at October 2007, it has hit 27-year highs 24 times, in US dollars. It looks set to reach and break through the previous £850 high point sooner if not later.
Some pundits, including "The Bullion Desk" in London had been forecasting $850 in 2007, possibly by November, since early in the year or late 2006.
We sent them an e-mail today (1st January 2008):
So you got your 2007 year end gold forecast wrong, and we didn't see any mention of it on your site.
If I recall correctly you forecast gold to hit $850 during 2007. It only reached $841.75
7th November 2007A.M£400.471$841.75€573.555
It's no excuse to point out that it hit $859.60 last night. You were a day out!
It's even less of an excuse to mention this morning's fix of $865.35, as that would make you two days out! We hope you will try to be more accurate with your 2008 forecasts?

Failure or Success?

We followed it up with a telephone call partly to wish them happy new year, partly to ensure they realised it was intended to be irony. Ross Norman said they were currently working on their 2008 forecast, and they hope they could be as far out again.
For the benefit of anybody in any doubt, we think it was remarkably accurate of them to forecast a 33% rise and be within 1% or 2%. For the price to continue upward, and not just beat, but smash their target within days is even more remarkable. Remind us never to bet against them!
We will include their 2008 forecast here as soon as we learn it.

Yet Again!

Shortly after we finished updating this page on 20th February 2008, gold shot up yet again in late trading, by about $20 per ounce, and hitting new record highs in all three gold fixing currencies.

And Again!

On 21st February 2008, gold broke all three currency price records yet again, at £482.759; $945.00; and €641.200 per ounce on the afternoon London Fix. Intraday trading was even higher at over $950, breaking another magic psychological barrier. Next stop $1,000?

Getting Repetitive

We last updated the following table on 3rd December 2008, but have not had time to add new summary paragraphs here. Please see below for the newest records.

Quick Summary Table

DateFixPrice £Price $Price €
21st January 1980P.M.£371.066$850.00N/A
10th May 2006A.M.£378.249$704.30€551.052
12th May 2006A.M.£382.739$725.75€561.378
20th September 2007A.M.£362.570$727.50€518.451
20th September 2007P.M.£365.278$734.50€522.330
21th September 2007A.M.£365.010$735.35€522.600
21th September 2007P.M.£365.123$737.00€523.177
28th September 2007A.M.£363.710$737.75€520.312
28th September 2007P.M.£365.398$743.00€522.982
1st October 2007A.M.£364.782$745.25€523.534
11th October 2007A.M.£366.206$747.50€525.927
11th October 2007P.M.£367.698$749.00€527.353
12th October 2007P.M.£368.631$749.50€528.561
15th October 2007A.M.£371.097$755.85€531.167
15th October 2007P.M.£371.712$758.85€537.390
16th October 2007A.M.£374.582$761.75€537.390
17th October 2007P.M.£373.976$762.52€536.443
18th October 2007P.M.£373.157$764.15€534.595
19th October 2007A.M.£375.470$768.25€537.953
26th October 2007A.M.£377.384$775.60€539.886
26th October 2007P.M.£380.166$779.15€542.395
29th October 2007A.M.£385.120$792.50€549.851
5th November 2007A.M.£385.591$802.50€554.941
5th November 2007P.M.£386.713$804.75€555.728
6th November 2007A.M.£392.129$817.56€562.973
6th November 2007P.M.£393.767$822.50€564.710
7th November 2007A.M.£400.471$841.75€573.555
2nd January 2008P.M.£427.824$846.75€576.452
3rd January 2008A.M.£438.485$865.35€587.275
3rd January 2008P.M..£438.485$865.35€587.275
8th January 2008A.M.£441.571$873.25€593.805
8th January 2008P.M.£442.032$873.50€593.289
9th January 2008A.M.£452.154$887.85€603.528
11th January 2008A.M.£457.559$893.75€604.743
14th January 2008A.M.£464.317$911.50€612.156
15th January 2008P.M.£463.358$913.00€612.834
25th January 2008A.M.£465.278$921.25€625.637
28th January 2008P.M.£464.217$921.75€623.985
29th January 2008A.M.£466.549$927.50€627.750
1st February 2008A.M.£468.750$933.00€627.058
21st February 2008A.M.£482.032$943.00€639.756
21st February 2008P.M.£482.759$945.00€641.200
22nd February 2008A.M.£480.882$945.75€637.513
25th February 2008A.M.£482.262$947.50€639.770
27th February 2008A.M.£481.615$958.75€636.324
27th February 2008P.M.£482.088$959.50€635.978
28th February 2008P.M.£482.996$959.75€634.084
29th February 2008A.M.£488.875$969.00€637.584
29th February 2008P.M.£488.854$971.50€640.071
3rd March 2008A.M.£492.697$978.25€644.943
3rd March 2008P.M.£496.684$988.50€647.857
13th March 2008P.M.£488.992$995.00€638.967
14th March 2008A.M.£491.617$997.00€641.158
14th March 2008P.M.£493.048$1,003.50€642.322
17th March 2008A.M.£508.511$1,023.50€649.511
6th October 2009P.M.£652.235$1,038.75€704.954
7th October 2009A.M.£658.946$1,047.00€709.100
8th October 2009A.M.£657.083$1,054.75€713.971
12th October 2009P.M.£669.163$1,058.75€715.710
13th October 2009A.M.£675.744$1,064.50€719.500
14th October 2009A.M.£666.458$1,066.00€715.148
4th November 2009A.M.£659.987$1,091.75€739.568
6th November 2009A.M.£659.599$1,095.00€735.047
6th November 2009P.M.£661.290$1,096.75€735.679
9th November 2009A.M.£658.802$1,108.50€738.901
11th November 2009A.M.£667.515$1,114.75€741.930
11th November 2009P.M.£669.820$1,114.75€742.263
12th November 2009A.M.£672.897$1,116.00€746.189
16th November 2009A.M.£676.830$1,128.75€754.411
16th November 2009P.M.£674.788$1,130.00€754.591
17th November 2009A.M.£673.100$1,131.75€759.258
17th November 2009P.M.£675.326$1,134.75€763.576
18th November 2009A.M.£681.615$1,146.00€767.068
18th November 2009P.M.£684.825$1,149.00€768.613
23th November 2009A.M.£702.410$1166.00€778.527
23th November 2009P.M.£702.867$1169.50€780.083
24th November 2009A.M.£708.813$1170.25€782.933
2nd December 2009A.M.£727.104$1211.50€802.105
2nd December 2009P.M.£727.922$1212.50€804.312
3rd December 2009A.M.£731.594$1218.25€805.455
11th May 2010P.M.£824.065$1222.50€960.405
12th May 2010A.M.£831.825$1241.25€977.901
8th Jun 2010A.M.£867.450$1248.00€1048.030
18th Jun 2010P.M.£848.419$1256.00€1015.610
7th Sep 2010P.M.£820.333$1256.75€985.686
8th Sep 2010A.M.£814.292$1256.75€991.726
14th Sep 2010P.M.£818.882$1265.50€982.760
15th Sep 2010A.M.£818.820$1270.40€978.887
16th Sep 2010A.M.£815.374$1271.25€971.978
16th Sep 2010P.M.£815.026$1272.50€971.968
17th Sep 2010A.M.£816.190$1281.50€975.489
22nd Sep 2010A.M.£823.558$1291.75€966.156
22nd Sep 2010P.M.£825.463$1293.50€963.501
24th Sep 2010A.M.£826.488$1298.00€967.357
29th Sep 2010A.M.£826.120$1307.50€962.388
29th Sep 2010P.M.£827.218$1307.50€961.256
30th Sep 2010A.M.£824.321$1311.00€960.088
1st Oct 2010A.M.£828.287$1313.00€955.187
1st Oct 2010P.M.£832.859$1316.25€957.412
5th Oct 2010A.M.£835.487$1325.75€962.153
5th Oct 2010P.M.£838.057$1330.50€964.830
6th Oct 2010A.M.£847.436$1347.00€972.282
7th Oct 2010A.M.£853.10$1359.50€973.017
13th Oct 2010P.M.£862.439$1365.50€979.415
14th Oct 2010A.M.£860.75$1380.75€980.159
4th Nov 2010P.M.£848.124$1381.00€968.443
5th Nov 2010A.M.£855.373$1384.25€978.061
5th Nov 2010P.M.£859.034$1395.50€990.278
9th Nov 2010A.M.£877.315$1416.25€1016.910
9th Nov 2010P.M.£879.386$1421.00€1018.780
7th Dec 2010A.M.£902.132$1426.00€1065.850
2nd March 2011P.M.£879.003$1435.50€1034.820
7th March 2011A.M.£880.515$1437.00€1025.260
7th March 2011P.M.£884.507$1437.50€1026.270
23rd March 2011P.M.£885.247$1439.50€1017.820
24th March 2011A.M.£891.146$1441.25€1019.70
24th March 2011A.M.£892.384$1447.00€1018.440
6th April 2011A.M.£894.249$1457.00€1019.020
6th April 2011P.M.£896.901$1461.50€1022.100
8th April 2011A.M.£897.796$1470.50€1022.970
15th April 2011A.M.£901.494$1472.50€1018.610
15th April 2011P.M.£903.764$1476.75€1023.81
18th April 2011A.M.£913.089$1484.50€1036.81
18th April 2011P.M.£917.076$1493.00€1046.25
19th April 2011A.M.£917.966$1495.00€1047.580
20th April 2011A.M.£920.152$1505.00€1037.930
21st April 2011A.M.£909.969$1507.00€1028.95
28th April 2011P.M.£919.736$1535.50€1034.60
3rd May 2011A.M.£938.126$1546.50€1045.220
22nd June 2011P.M.£962.731$1552.50€1077.380
11th July 2011P.M.£976.705$1555.50€1106.880
12th July 2011P.M.£977.001$1555.50€1107.340
13th July 2011A.M.£984.711$1571.50€1114.620
13th July 2011P.M.£988.358$1579.00€1121.050
14th July 2011A.M.£987.536$1592.50€1119.040
18th July 2011A.M.£992.825$1598.25€1136.330
18th July 2011P.M.£994.279$1599.00€1136.700
19th July 2011A.M.£994.105$1602.00€1129.040
25th July 2011A.M.£995.020$1618.50€1126.620
27th July 2011A.M.£987.692$1621.00€1118.320
27th July 2011P.M.£991.761$1625.00€1124.880
29th July 2011P.M.£992.080$1628.50€1133.110
2nd August 2011P.M.£1005.800$1637.75€1147.370
3rd August 2011A.M.£1016.770$1667.50€1163.400
3rd August 2011P.M.£1019.020$1669.25€1166.570
4th August 2011P.M.£1028.280$1679.50€1186.170
8th August 2011A.M.£1040.944$1709.75€1195.211
9th August 2011A.M.£1080.982$1770.00€1241.757
10th August 2011P.M.£1094.706$1772.00€1246.921
11th August 2011A.M.£1105.745$1786.00€1254.390
17th August 2011A.M.£1089.958$1792.00€1240.396
18th August 2011A.M.£1087.115$1794.50€1246.440
18th August 2011P.M.£1109.759$1824.00€1276.149
19th August 2011A.M.£1126.914$1862.00€1299.281
22nd August 2011A.M.£1139.550$1877.75€1303.179
23rd August 2011A.M.£1138.641$1886.50€1301.753
5th September 2011A.M.£1174.667$1896.50€1341.136
5th September 2011P.M.£1178.922$1895.00€1345.594

Error Check

On 11th May 2010, we noticed that the a.m. fixes in euros on 2nd and 3rd December 2009 were shown as being identical at 802.105.
While this could be a coincidence, we believe it is more likely to be an error, and have asked the LBMA to check this. On 19th May, we heard that the 3rd December euro price had been recorded incorrectly, and had now been corrected to 805.455.

Highest Ever Gold Price in Pounds Sterling

Highest Gold Price in Euros (EUR)

Record High in Beijing

The record price in Chinese Yuan was achieved on Tuesday 4th April 2006, according to the Beijing Daily newspaper, hitting 170 yuan per gram (21.25 dollars).
"Gold has never been sold at such a high price in Beijing," said Wang Jian, general manager of the Gongmei Mansion Gold Store, told the paper. "I doubt whether consumers will hesitate to buy gold ornaments now," he said.
Gold dealers in China's capital reacted cautiously in raising prices, fearing a drop in sales despite the fact that prices in southern China had surged to 178 yuan (22.25 dollars) per gram.
China is the world's third-biggest market for gold after India and the United States, according to the World Gold Council, an industry organization. Last year Chinese demand for gold rose 8 percent to more than 250 tons.

Where Next?

Where does it go from here?
Gazing into our crystal ball, we would be surprised if it did not go on to break the all-time high in US dollars before too long.

Why? & Where Next?
October 2009.

Highest Gold Prices Summary in 3 Currencies
Simplified table with only the latest peak prices shown.

2010 LBMA Gold Price Forecasts
In U.S. Dollars

2011 LBMA Gold Price Forecasts
In U.S. Dollars

Lowest Recent Gold Price

Bull Market?
Does the drop after this price peak mean an end to the gold bull market, we believe not, more of a correction.

Highest Historical Silver Bullion Price & Lowest Recent Silver Price
The all-time high price for silver was hit on 18th January 1980 at $49.45 (21.65) per troy ounce fuelled by Nelson Bunker Hunt's cornering of the market.
Silver then hit a post Bunker Hunt low of $3.54750 or £1.83250 per ounce on 25th February 1991.
In late 2010, silver has broken through a 30 year high of $30 per ounce.

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