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Gold Price in 1991

The gold price fell 8.6% in 1991, from $386.20 at the end of 1990 to $353.15. Its highest close was $403.00 on Jan 16, and its lowest $344.25 on Sep 13. The biggest one-day fall was −6.0% on Jan 17 and the biggest rise +2.0% on Jan 14. Adjusted for inflation, it lost 11.3%.

Change in 1991
−8.6%
$386.20 → $353.15
High
$403.00
Jan 16
Low
$344.25
Sep 13
After inflation
−11.3%
US CPI
Up days
123 of 253
longest run 4 up, 5 down
Below record
-58.5%
at the end of 1991

Gold Price, daily closes 1991

Numbers mark the events below
$350$374$397JanFebMarAprMayJunJulAugSepOctNovDec1Jan 14: Biggest one-day rise of the year: +2.0%.2Jan 17: US-led coalition begins Operation Desert Storm air campaign against Iraq.3Feb 28: Operation Desert Storm ends after the 100-hour ground campaign.4Aug 19: Hardliners launch a coup attempt against Soviet leader Mikhail Gorbachev; it collapses within days.5Dec 26: The Soviet Union is formally dissolved.

Key Events in 1991

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

  1. 1
    Monday, January 14 From the data
    Biggest one-day rise of the year: +2.0%.
  2. 2
    Thursday, January 17
    US-led coalition begins Operation Desert Storm air campaign against Iraq. Source
    Gold: −6.0% that day · −8.6% a month later
  3. 3
    Thursday, February 28
    Operation Desert Storm ends after the 100-hour ground campaign. Source
    Gold: +0.8% that day · −1.2% a month later
  4. 4
    Monday, August 19
    Hardliners launch a coup attempt against Soviet leader Mikhail Gorbachev; it collapses within days. Source
    Gold: +1.0% that day · −3.2% a month later
  5. 5
    Thursday, December 26
    The Soviet Union is formally dissolved. Source
    Gold: −1.8% next trading day (Dec 27) · −1.0% a month later

Biggest days of 1991

Best daysWorst days
Jan 14+2.0%Jan 17−6.0%
Apr 30+1.9%Jan 30−2.6%
Sep 30+1.9%Aug 20−2.0%
Feb 8+1.7%Dec 12−1.9%
May 29+1.6%Sep 11−1.8%

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

Month by month

MonthCloseChangeHighLow
Jan$366.00−5.2%$403.00$366.00
Feb$362.70−0.9%$370.00$357.65
Mar$355.65−1.9%$368.50$354.05
Apr$357.75+0.6%$364.00$351.10
May$360.40+0.7%$361.50$354.15
Jun$368.35+2.2%$372.20$360.90
Jul$362.85−1.5%$370.90$361.35
Aug$347.40−4.3%$363.40$347.40
Sep$354.90+2.2%$354.90$344.25
Oct$357.45+0.7%$363.80$353.95
Nov$366.30+2.5%$369.10$352.90
Dec$353.15−3.6%$370.70$353.15

Other Markets in 1991

Change over the calendar year.

MarketChangeYear-end
Gold Price−8.6%$353.15
Dow Jones Industrial Average in 1991+20.3%3,168.83
S&P 500 in 1991+26.3%417.09
Nasdaq Composite in 1991+56.9%586.34
Russell 2000 in 1991+43.7%189.94
Nikkei 225 in 1991−3.6%22,984.00
Silver in 1991−7.9%$3.86
WTI crude oil in 1991−32.8%$19.15
Brent crude oil in 1991−37.4%$17.75
US 10-year Treasury yield in 1991−1.37 pp6.71%
1990199119921993199419951996199719981999

Gold Price in 1991: FAQ

How much did the gold price fall in 1991?

The gold price fell 8.6% in 1991, from $386.20 at the end of 1990 to $353.15. Its highest close was $403.00 on Jan 16, and its lowest $344.25 on Sep 13. The biggest one-day fall was −6.0% on Jan 17 and the biggest rise +2.0% on Jan 14. Adjusted for inflation, it lost 11.3%.

What were the highest and lowest closes of the gold price in 1991?

Highest: $403.00 on January 16, 1991. Lowest: $344.25 on September 13, 1991. It closed higher on 123 of 253 trading days.

What happened to the gold price on January 17, 1991?

US-led coalition begins Operation Desert Storm air campaign against Iraq. The gold price fell 6.0% that day, and was −8.6% 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.