Gold News & Press Comments
Lowest Gold Prices in Recent Times
The lowest dollar gold price in recent years was the afternoon fix on 20th July 1999 when gold fixed at $252.80 US equivalent at the time to £161.091 in pounds sterling
Lowest Sterling Fix
The lowest recent gold price in pounds sterling based on the London Gold Fix was £157.033 on the a.m. fix of 10th September 1999, which was equivalent to $256.20 USD.
The reason there are two different "lows" is due to the differences in exchange rates on the relevant dates.
Anybody buying gold near its recent year "bottom" in 1999, could have sold at 2 1/2 times their cost price in May 2006 for a 150% profit. Not bad for a "defensive" investment!
Profit Update November 2010
The same investor buying gold at the 1999 bottom, could sell at 5.5 times his dollar cost in November 2010.
Highest Ever Sterling Gold Price
Highest Gold Prices Summary in 3 Currencies
Simplified table with only the latest peak prices shown.
1999 News Headlines About Gold
A list of media & news headlines relating to gold, during the year 1999, when gold was at or near its 25 year low.