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Gold Price in 1989

The gold price fell 2.8% in 1989, from $410.25 at the end of 1988 to $398.60. Its highest close was $415.80 on Nov 24, and its lowest $355.75 on Sep 15. The biggest one-day fall was −2.3% on Jun 12 and the biggest rise +2.7% on Nov 22. Adjusted for inflation, it lost 7.2%.

Change in 1989
−2.8%
$410.25 → $398.60
High
$415.80
Nov 24
Low
$355.75
Sep 15
After inflation
−7.2%
US CPI
Up days
123 of 252
longest run 8 up, 4 down
Below record
-53.1%
at the end of 1989

Gold Price, daily closes 1989

Numbers mark the events below
$361$386$410JanFebMarAprMayJunJulAugSepOctNovDec1Jun 12: Biggest one-day fall of the year: −2.3%.2Nov 9: East Germany opens the Berlin Wall.3Nov 22: Biggest one-day rise of the year: +2.7%.

Key Events in 1989

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

  1. 1
    Monday, June 12 From the data
    Biggest one-day fall of the year: −2.3%.
  2. 2
    Thursday, November 9
    East Germany opens the Berlin Wall. Source
    Gold: +1.0% that day · +5.9% a month later
  3. 3
    Wednesday, November 22 From the data
    Biggest one-day rise of the year: +2.7%.

Biggest days of 1989

Best daysWorst days
Nov 22+2.7%Jun 12−2.3%
Jun 7+2.5%Mar 29−2.0%
Jul 5+2.0%Dec 28−1.8%
Nov 3+1.7%Apr 28−1.7%
Dec 11+1.5%Dec 27−1.7%

Volatility: 12.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$394.00−4.0%$411.60$394.00
Feb$387.00−1.8%$393.80$380.40
Mar$383.20−1.0%$395.50$382.95
Apr$377.55−1.5%$390.25$377.55
May$361.80−4.2%$378.60$359.75
Jun$373.00+3.1%$376.30$358.70
Jul$368.30−1.3%$385.50$368.30
Aug$359.80−2.3%$370.50$359.80
Sep$366.50+1.9%$369.00$355.75
Oct$375.30+2.4%$377.00$361.05
Nov$408.15+8.8%$415.80$373.05
Dec$398.60−2.3%$415.50$398.60

Other Markets in 1989

Change over the calendar year.

MarketChangeYear-end
Gold Price−2.8%$398.60
Dow Jones Industrial Average in 1989+27.0%2,753.20
S&P 500 in 1989+27.3%353.40
Nasdaq Composite in 1989+19.2%454.80
Russell 2000 in 1989+14.2%168.31
Nikkei 225 in 1989+29.0%38,916.00
Silver in 1989−13.8%$5.22
WTI crude oil in 1989+27.6%$21.84
Brent crude oil in 1989+29.7%$21.05
US 10-year Treasury yield in 1989−1.21 pp7.93%
1980198119821983198419851986198719881989

Gold Price in 1989: FAQ

How much did the gold price fall in 1989?

The gold price fell 2.8% in 1989, from $410.25 at the end of 1988 to $398.60. Its highest close was $415.80 on Nov 24, and its lowest $355.75 on Sep 15. The biggest one-day fall was −2.3% on Jun 12 and the biggest rise +2.7% on Nov 22. Adjusted for inflation, it lost 7.2%.

What were the highest and lowest closes of the gold price in 1989?

Highest: $415.80 on November 24, 1989. Lowest: $355.75 on September 15, 1989. It closed higher on 123 of 252 trading days.

What happened to the gold price on November 9, 1989?

East Germany opens the Berlin Wall. The gold price rose 1.0% that day, and was +5.9% 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.