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Gold Price in 1968

The gold price rose 19.7% in 1968, from $35.00 at the end of 1967 to $41.90. Its highest close was $42.40 on May 21 — a record that stood until January 8, 1969, and its lowest $35.14 on Jan 4. The biggest one-day fall was −2.6% on Jul 9 and the biggest rise +7.1% on Apr 1. Adjusted for inflation, it gained 14.3%.

Change in 1968
+19.7%
$35.00 → $41.90
High
$42.40
May 21
Low
$35.14
Jan 4
After inflation
+14.3%
US CPI
Up days
115 of 242
longest run 6 up, 4 down
Below record
-1.2%
at the end of 1968

Gold Price, daily closes 1968

Numbers mark the events below
$36$39$42JanFebMarAprMayJunJulAugSepOctNovDec1Mar 15: The London gold market is closed at US request as the London Gold Pool collapses.2Mar 17: Gold pool nations meeting in Washington agree a two-tier gold market, separating official and private prices.3Mar 18: Congress repeals the requirement that US currency be backed by gold reserves.4Apr 1: Biggest one-day rise of the year: +7.1%.5Jul 9: Biggest one-day fall of the year: −2.6%.

Key Events in 1968

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

  1. 1
    Friday, March 15
    The London gold market is closed at US request as the London Gold Pool collapses. Source
  2. 2
    Sunday, March 17
    Gold pool nations meeting in Washington agree a two-tier gold market, separating official and private prices. Source
  3. 3
    Monday, March 18
    Congress repeals the requirement that US currency be backed by gold reserves. Source
  4. 4
    Monday, April 1 From the data
    Biggest one-day rise of the year: +7.1%.
  5. 5
    Tuesday, July 9 From the data
    Biggest one-day fall of the year: −2.6%.

Biggest days of 1968

Best daysWorst days
Apr 1+7.1%Jul 9−2.6%
May 16+2.5%Jul 11−2.5%
May 20+1.9%May 22−2.0%
Oct 7+1.8%Jul 17−1.9%
Jul 19+1.8%Jun 4−1.9%

Volatility: 12.8% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$35.20+0.6%$35.20$35.14
Feb$35.200.0%$35.20$35.19
Mar$35.200.0%$35.20$35.20
Apr$39.10+11.1%$39.10$36.95
May$41.95+7.3%$42.40$39.10
Jun$40.90−2.5%$41.90$40.70
Jul$38.85−5.0%$41.15$37.75
Aug$39.80+2.4%$40.00$38.45
Sep$39.60−0.5%$40.50$39.60
Oct$39.00−1.5%$39.77$38.90
Nov$39.85+2.2%$40.55$39.17
Dec$41.90+5.1%$41.90$40.15

Other Markets in 1968

Change over the calendar year.

MarketChangeYear-end
Gold Price+19.7%$41.90
Dow Jones Industrial Average in 1968+4.3%943.75
S&P 500 in 1968+7.7%103.86
US 10-year Treasury yield in 1968+0.46 pp6.16%
19681969

Gold Price in 1968: FAQ

How much did the gold price rise in 1968?

The gold price rose 19.7% in 1968, from $35.00 at the end of 1967 to $41.90. Its highest close was $42.40 on May 21 — a record that stood until January 8, 1969, and its lowest $35.14 on Jan 4. The biggest one-day fall was −2.6% on Jul 9 and the biggest rise +7.1% on Apr 1. Adjusted for inflation, it gained 14.3%.

What were the highest and lowest closes of the gold price in 1968?

Highest: $42.40 on May 21, 1968. Lowest: $35.14 on January 4, 1968. It closed higher on 115 of 242 trading days.

Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.