Gold Price in 1984

The gold price fell 19.4% in 1984, from $382.40 at the end of 1983 to $308.30. Its highest close was $405.85 on Mar 5, and its lowest $307.50 on Dec 20. The biggest one-day fall was −4.2% on Jul 9 and the biggest rise +3.1% on Aug 14. Adjusted for inflation, it lost 22.4%.

Change in 1984

−19.4%

$382.40 → $308.30

High

$405.85

Mar 5

Low

$307.50

Dec 20

After inflation

−22.4%

US CPI

Up days

110 of 253

longest run 5 up, 5 down

Below record

-63.7%

at the end of 1984

Gold Price, daily closes 1984

Numbers mark the events below

Key Events in 1984

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

1
Wednesday, May 30

Japan-US Yen-Dollar Committee report on Japanese financial liberalization is published. Source

Gold: +0.2% that day · −4.2% a month later
2
Monday, July 9 From the data

Biggest one-day fall of the year: −4.2%.
3
Tuesday, August 14 From the data

Biggest one-day rise of the year: +3.1%.
4
Tuesday, November 6

Ronald Reagan is re-elected US president. Source

Gold: +1.1% that day · −3.1% a month later

Biggest days of 1984

Best days		Worst days
Aug 14	+3.1%	Jul 9	−4.2%
Nov 2	+2.8%	Jul 6	−3.2%
Jun 1	+2.5%	Jan 9	−2.7%
May 25	+2.3%	Jul 27	−2.6%
Feb 15	+1.9%	Jan 4	−2.3%

Volatility: 15.8% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$373.75	−2.3%	$383.00	$365.10
Feb	$394.25	+5.5%	$399.25	$376.00
Mar	$388.50	−1.5%	$405.85	$385.75
Apr	$375.80	−3.3%	$387.20	$375.80
May	$384.25	+2.2%	$386.40	$371.50
Jun	$373.05	−2.9%	$393.75	$367.90
Jul	$342.35	−8.2%	$370.00	$335.00
Aug	$348.25	+1.7%	$354.00	$339.00
Sep	$343.75	−1.3%	$347.75	$335.25
Oct	$333.50	−3.0%	$348.50	$333.50
Nov	$329.00	−1.3%	$350.45	$329.00
Dec	$308.30	−6.3%	$332.00	$307.50

Other Markets in 1984

Change over the calendar year.

Market	Change	Year-end
Gold Price	−19.4%	$308.30
Dow Jones Industrial Average in 1984	−3.7%	1,211.57
S&P 500 in 1984	+1.4%	167.24
Nasdaq Composite in 1984	−11.3%	247.10
Nikkei 225 in 1984	+16.7%	11,543.00
Silver in 1984	−29.4%	$6.29
US 10-year Treasury yield in 1984	−0.27 pp	11.55%

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989

Gold Price in 1984: FAQ

How much did the gold price fall in 1984?

What were the highest and lowest closes of the gold price in 1984?

Highest: $405.85 on March 5, 1984. Lowest: $307.50 on December 20, 1984. It closed higher on 110 of 253 trading days.

What happened to the gold price on November 6, 1984?

Ronald Reagan is re-elected US president. The gold price rose 1.1% that day, and was −3.1% a month later.

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.