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Gold Price in 1987

The gold price rose 24.5% in 1987, from $388.75 at the end of 1986 to $484.10. Its highest close was $499.75 on Dec 14, and its lowest $390.00 on Feb 18. The biggest one-day fall was −4.6% on Apr 28 and the biggest rise +3.8% on Jan 2. Adjusted for inflation, it gained 19.2%.

Change in 1987
+24.5%
$388.75 → $484.10
High
$499.75
Dec 14
Low
$390.00
Feb 18
After inflation
+19.2%
US CPI
Up days
135 of 253
longest run 8 up, 4 down
Below record
-43.0%
at the end of 1987

Gold Price, daily closes 1987

Numbers mark the events below
$400$445$489JanFebMarAprMayJunJulAugSepOctNovDec1Jan 2: Biggest one-day rise of the year: +3.8%.2Feb 22: Major finance ministers sign the Louvre Accord to stabilize the dollar.3Apr 28: Biggest one-day fall of the year: −4.6%.4Oct 19: Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop.

Key Events in 1987

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

  1. 1
    Friday, January 2 From the data
    Biggest one-day rise of the year: +3.8%.
  2. 2
    Sunday, February 22
    Major finance ministers sign the Louvre Accord to stabilize the dollar. Source
    Gold: +0.9% next trading day (Feb 23) · +2.1% a month later
  3. 3
    Tuesday, April 28 From the data
    Biggest one-day fall of the year: −4.6%.
  4. 4
    Monday, October 19
    Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. Source
    Gold: +3.4% that day · −0.7% a month later

Biggest days of 1987

Best daysWorst days
Jan 2+3.8%Apr 28−4.6%
Oct 19+3.4%May 26−3.8%
Nov 30+2.9%Oct 20−3.5%
Jun 2+2.7%Jan 23−2.5%
Apr 27+2.7%Jun 22−2.4%

Volatility: 16.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$400.50+3.0%$422.25$398.95
Feb$405.85+1.3%$406.75$390.00
Mar$421.00+3.7%$424.00$403.80
Apr$453.25+7.7%$474.75$418.50
May$451.00−0.5%$475.25$449.00
Jun$447.30−0.8%$457.00$438.00
Jul$462.50+3.4%$462.50$443.35
Aug$453.40−2.0%$473.40$453.30
Sep$459.50+1.3%$464.75$453.75
Oct$468.80+2.0%$481.00$454.35
Nov$492.50+5.1%$492.50$457.55
Dec$484.10−1.7%$499.75$477.50

Other Markets in 1987

Change over the calendar year.

MarketChangeYear-end
Gold Price+24.5%$484.10
Dow Jones Industrial Average in 1987+2.3%1,938.83
S&P 500 in 1987+2.0%247.08
Nasdaq Composite in 1987−5.2%330.50
Nikkei 225 in 1987+14.6%21,564.00
Silver in 1987+26.9%$6.70
WTI crude oil in 1987−6.6%$16.74
US 10-year Treasury yield in 1987+1.60 pp8.83%
1980198119821983198419851986198719881989

Gold Price in 1987: FAQ

How much did the gold price rise in 1987?

The gold price rose 24.5% in 1987, from $388.75 at the end of 1986 to $484.10. Its highest close was $499.75 on Dec 14, and its lowest $390.00 on Feb 18. The biggest one-day fall was −4.6% on Apr 28 and the biggest rise +3.8% on Jan 2. Adjusted for inflation, it gained 19.2%.

What were the highest and lowest closes of the gold price in 1987?

Highest: $499.75 on December 14, 1987. Lowest: $390.00 on February 18, 1987. It closed higher on 135 of 253 trading days.

What happened to the gold price on October 19, 1987?

Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The gold price rose 3.4% that day, and was −0.7% 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.