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Gold Price in 1992

The gold price fell 5.7% in 1992, from $353.15 at the end of 1991 to $332.90. Its highest close was $359.60 on Jul 28, and its lowest $330.35 on Nov 10. The biggest one-day fall was −2.7% on Aug 13 and the biggest rise +1.8% on Sep 14. Adjusted for inflation, it lost 8.4%.

Change in 1992
−5.7%
$353.15 → $332.90
High
$359.60
Jul 28
Low
$330.35
Nov 10
After inflation
−8.4%
US CPI
Up days
120 of 254
longest run 5 up, 5 down
Below record
-60.8%
at the end of 1992

Gold Price, daily closes 1992

Numbers mark the events below
$333$345$357JanFebMarAprMayJunJulAugSepOctNovDec1Feb 7: Maastricht Treaty is signed, setting the path to European monetary union.2Aug 13: Biggest one-day fall of the year: −2.7%.3Sep 14: Biggest one-day rise of the year: +1.8%.4Sep 16: Black Wednesday: the UK withdraws sterling from the European Exchange Rate Mechanism.

Key Events in 1992

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

  1. 1
    Friday, February 7
    Maastricht Treaty is signed, setting the path to European monetary union. Source
    Gold: +0.1% that day · −1.8% a month later
  2. 2
    Thursday, August 13 From the data
    Biggest one-day fall of the year: −2.7%.
  3. 3
    Monday, September 14 From the data
    Biggest one-day rise of the year: +1.8%.
  4. 4
    Wednesday, September 16
    Black Wednesday: the UK withdraws sterling from the European Exchange Rate Mechanism. Source
    Gold: +0.9% that day · −0.6% a month later

Biggest days of 1992

Best daysWorst days
Sep 14+1.8%Aug 13−2.7%
Jan 10+1.8%Nov 10−1.2%
Aug 24+1.6%Mar 16−1.2%
Feb 27+1.5%Mar 17−1.2%
Jul 17+1.0%Jan 13−1.1%

Volatility: 8.3% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$354.10+0.3%$358.75$349.40
Feb$353.10−0.3%$357.20$348.65
Mar$341.70−3.2%$351.35$337.80
Apr$336.35−1.6%$344.00$335.70
May$337.50+0.3%$339.50$335.20
Jun$343.40+1.7%$343.80$336.85
Jul$357.85+4.2%$359.60$343.55
Aug$340.00−5.0%$354.05$335.70
Sep$349.00+2.6%$349.70$338.85
Oct$339.25−2.8%$350.50$338.20
Nov$334.20−1.5%$339.50$330.35
Dec$332.90−0.4%$338.65$332.50

Other Markets in 1992

Change over the calendar year.

MarketChangeYear-end
Gold Price−5.7%$332.90
Dow Jones Industrial Average in 1992+4.2%3,301.11
S&P 500 in 1992+4.5%435.71
Nasdaq Composite in 1992+15.5%676.95
Russell 2000 in 1992+16.4%221.01
Nikkei 225 in 1992−26.4%16,925.00
Silver in 1992−4.9%$3.67
WTI crude oil in 1992+1.8%$19.49
Brent crude oil in 1992+0.6%$17.85
US 10-year Treasury yield in 1992−0.01 pp6.70%
1990199119921993199419951996199719981999

Gold Price in 1992: FAQ

How much did the gold price fall in 1992?

The gold price fell 5.7% in 1992, from $353.15 at the end of 1991 to $332.90. Its highest close was $359.60 on Jul 28, and its lowest $330.35 on Nov 10. The biggest one-day fall was −2.7% on Aug 13 and the biggest rise +1.8% on Sep 14. Adjusted for inflation, it lost 8.4%.

What were the highest and lowest closes of the gold price in 1992?

Highest: $359.60 on July 28, 1992. Lowest: $330.35 on November 10, 1992. It closed higher on 120 of 254 trading days.

What happened to the gold price on September 16, 1992?

Black Wednesday: the UK withdraws sterling from the European Exchange Rate Mechanism. The gold price rose 0.9% that day, and was −0.6% 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.