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VIX16.68−3.64%

Gold Price in 1990

The gold price fell 3.1% in 1990, from $398.60 at the end of 1989 to $386.20. Its highest close was $423.75 on Feb 7, and its lowest $345.85 on Jun 14. The biggest one-day fall was −5.9% on Mar 26 and the biggest rise +3.8% on Aug 13. Adjusted for inflation, it lost 8.7%.

Change in 1990
−3.1%
$398.60 → $386.20
High
$423.75
Feb 7
Low
$345.85
Jun 14
After inflation
−8.7%
US CPI
Up days
131 of 256
longest run 6 up, 5 down
Below record
-54.6%
at the end of 1990

Gold Price, daily closes 1990

Numbers mark the events below
$353$385$416JanFebMarAprMayJunJulAugSepOctNovDec1Mar 26: Biggest one-day fall of the year: −5.9%.2Aug 2: Iraq invades Kuwait, beginning the Gulf crisis.3Aug 13: Biggest one-day rise of the year: +3.8%.4Nov 29: UN Security Council Resolution 678 sets a 15 January 1991 deadline for Iraq to leave Kuwait.

Key Events in 1990

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

  1. 1
    Monday, March 26 From the data
    Biggest one-day fall of the year: −5.9%.
  2. 2
    Thursday, August 2
    Iraq invades Kuwait, beginning the Gulf crisis. Source
    Gold: +2.7% that day · +5.2% a month later
  3. 3
    Monday, August 13 From the data
    Biggest one-day rise of the year: +3.8%.
  4. 4
    Thursday, November 29
    UN Security Council Resolution 678 sets a 15 January 1991 deadline for Iraq to leave Kuwait. Source
    Gold: +0.5% that day · +0.3% a month later

Biggest days of 1990

Best daysWorst days
Aug 13+3.8%Mar 26−5.9%
Jul 13+3.5%Aug 28−5.4%
Jan 24+3.1%Oct 16−4.2%
Sep 25+2.9%Aug 15−3.2%
Aug 2+2.7%Oct 1−3.0%

Volatility: 17.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$415.05+4.1%$420.75$395.00
Feb$407.70−1.8%$423.75$407.55
Mar$368.50−9.6%$406.30$368.00
Apr$367.75−0.2%$378.40$367.75
May$363.05−1.3%$375.10$363.05
Jun$352.20−3.0%$363.45$345.85
Jul$372.30+5.7%$372.75$351.45
Aug$387.75+4.1%$413.80$370.65
Sep$408.40+5.3%$408.40$378.50
Oct$379.50−7.1%$397.00$364.75
Nov$384.85+1.4%$386.90$376.30
Dec$386.20+0.4%$386.20$370.00

Other Markets in 1990

Change over the calendar year.

MarketChangeYear-end
Gold Price−3.1%$386.20
Dow Jones Industrial Average in 1990−4.3%2,633.66
S&P 500 in 1990−6.6%330.22
Nasdaq Composite in 1990−17.8%373.80
Russell 2000 in 1990−21.5%132.20
Nikkei 225 in 1990−38.7%23,849.00
Silver in 1990−19.6%$4.19
WTI crude oil in 1990+30.4%$28.48
Brent crude oil in 1990+34.7%$28.35
US 10-year Treasury yield in 1990+0.15 pp8.08%
1990199119921993199419951996199719981999

Gold Price in 1990: FAQ

How much did the gold price fall in 1990?

The gold price fell 3.1% in 1990, from $398.60 at the end of 1989 to $386.20. Its highest close was $423.75 on Feb 7, and its lowest $345.85 on Jun 14. The biggest one-day fall was −5.9% on Mar 26 and the biggest rise +3.8% on Aug 13. Adjusted for inflation, it lost 8.7%.

What were the highest and lowest closes of the gold price in 1990?

Highest: $423.75 on February 7, 1990. Lowest: $345.85 on June 14, 1990. It closed higher on 131 of 256 trading days.

What happened to the gold price on August 2, 1990?

Iraq invades Kuwait, beginning the Gulf crisis. The gold price rose 2.7% that day, and was +5.2% 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.