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