Gold Price in 1994

The gold price fell 2.2% in 1994, from $391.75 at the end of 1993 to $383.25. Its highest close was $396.25 on Sep 28, and its lowest $369.65 on Apr 22. The biggest one-day fall was −2.4% on Jan 6 and the biggest rise +2.0% on May 9. Adjusted for inflation, it lost 4.7%.

Change in 1994

−2.2%

$391.75 → $383.25

High

$396.25

Sep 28

Low

$369.65

Apr 22

After inflation

−4.7%

US CPI

Up days

129 of 252

longest run 7 up, 7 down

Below record

-54.9%

at the end of 1994

Gold Price, daily closes 1994

Numbers mark the events below

Key Events in 1994

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

1
Saturday, January 1

North American Free Trade Agreement (NAFTA) enters into force. Source

Gold: +0.6% next trading day (Jan 4) · −2.6% a month later
2
Thursday, January 6 From the data

Biggest one-day fall of the year: −2.4%.
3
Monday, May 9 From the data

Biggest one-day rise of the year: +2.0%.
4
Tuesday, December 20

Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later. Source

Gold: +0.7% that day · +1.2% a month later

Biggest days of 1994

Best days		Worst days
May 9	+2.0%	Jan 6	−2.4%
Mar 11	+1.6%	Jan 24	−1.9%
Mar 10	+1.4%	Jan 10	−1.7%
Jan 7	+1.3%	Jan 21	−1.5%
Sep 20	+1.0%	Jan 28	−1.4%

Volatility: 9.0% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$377.90	−3.5%	$395.25	$377.90
Feb	$381.55	+1.0%	$388.50	$375.75
Mar	$389.20	+2.0%	$391.30	$375.30
Apr	$376.45	−3.3%	$385.45	$369.65
May	$387.60	+3.0%	$388.00	$373.40
Jun	$388.25	+0.2%	$392.45	$378.40
Jul	$384.00	−1.1%	$388.55	$383.00
Aug	$385.75	+0.5%	$386.60	$376.30
Sep	$394.85	+2.4%	$396.25	$386.00
Oct	$383.85	−2.8%	$393.70	$383.85
Nov	$383.10	−0.2%	$386.75	$382.70
Dec	$383.25	0.0%	$383.25	$375.75

Other Markets in 1994

Change over the calendar year.

Market	Change	Year-end
Gold Price	−2.2%	$383.25
Dow Jones Industrial Average in 1994	+2.1%	3,834.44
S&P 500 in 1994	−1.5%	459.27
Nasdaq Composite in 1994	−3.2%	751.96
Russell 2000 in 1994	−3.2%	250.36
Nikkei 225 in 1994	+13.2%	19,723.00
Silver in 1994	−5.2%	$4.85
WTI crude oil in 1994	+25.2%	$17.77
Brent crude oil in 1994	+23.1%	$16.23
US 10-year Treasury yield in 1994	+2.01 pp	7.84%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Gold Price in 1994: FAQ

How much did the gold price fall in 1994?

What were the highest and lowest closes of the gold price in 1994?

Highest: $396.25 on September 28, 1994. Lowest: $369.65 on April 22, 1994. It closed higher on 129 of 252 trading days.

What happened to the gold price on December 20, 1994?

Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later. The gold price rose 0.7% that day, and was +1.2% 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.