Gold Price in 1999

The gold price rose 0.9% in 1999, from $287.80 at the end of 1998 to $290.25. Its highest close was $325.50 on Oct 5, and its lowest $252.80 on Jul 20. The biggest one-day fall was −2.6% on Sep 30 and the biggest rise +7.3% on Sep 28. Adjusted for inflation, it lost 1.8%.

Change in 1999

+0.9%

$287.80 → $290.25

High

$325.50

Oct 5

Low

$252.80

Jul 20

After inflation

−1.8%

US CPI

Up days

126 of 256

longest run 8 up, 10 down

Below record

-65.9%

at the end of 1999

Gold Price, daily closes 1999

Numbers mark the events below

Key Events in 1999

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

1
Friday, January 1

The euro is introduced as the currency of 11 EU countries for financial markets. Source

Gold: −0.2% next trading day (Jan 4) · −0.3% a month later
2
Friday, May 7

UK Treasury announces plans to sell more than half of Britain's gold reserves at auction. Source

Gold: −1.9% that day · −7.9% a month later
3
Tuesday, July 20 From the data

Bear market low: $252.80, 39.1% below the peak.
4
Sunday, September 26

European central banks sign the Washington Agreement on Gold, capping sales at 400 tonnes a year. Source

Gold: +4.1% next trading day (Sep 27) · +11.9% a month later
5
Tuesday, September 28 From the data

Biggest one-day rise of the year: +7.3%.
6
Thursday, September 30 From the data

Biggest one-day fall of the year: −2.6%.

Biggest days of 1999

Best days		Worst days
Sep 28	+7.3%	Sep 30	−2.6%
Sep 27	+4.1%	Nov 1	−2.6%
Oct 5	+4.1%	Dec 6	−2.4%
Oct 1	+2.8%	Mar 16	−2.3%
Sep 24	+2.1%	Oct 6	−2.2%

Volatility: 15.4% (annualised standard deviation of daily changes).

Month by month

Month	Close	Change	High	Low
Jan	$285.40	−0.8%	$291.15	$283.55
Feb	$287.05	+0.6%	$289.40	$285.30
Mar	$279.45	−2.6%	$294.00	$279.45
Apr	$286.60	+2.6%	$286.60	$278.50
May	$268.60	−6.3%	$287.95	$268.60
Jun	$261.00	−2.8%	$267.15	$258.15
Jul	$255.60	−2.1%	$263.10	$252.80
Aug	$254.80	−0.3%	$261.30	$252.85
Sep	$299.00	+17.3%	$307.00	$254.20
Oct	$299.10	0.0%	$325.50	$290.60
Nov	$291.35	−2.6%	$298.40	$288.25
Dec	$290.25	−0.4%	$290.90	$276.10

Other Markets in 1999

Change over the calendar year.

Market	Change	Year-end
Gold Price	+0.9%	$290.25
Dow Jones Industrial Average in 1999	+25.2%	11,497.12
S&P 500 in 1999	+19.5%	1,469.25
Nasdaq Composite in 1999	+85.6%	4,069.31
Russell 2000 in 1999	+19.6%	504.75
Nikkei 225 in 1999	+36.8%	18,934.34
Silver in 1999	+6.4%	$5.33
WTI crude oil in 1999	+112.2%	$25.76
Brent crude oil in 1999	+136.5%	$24.93
US 10-year Treasury yield in 1999	+1.80 pp	6.45%

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Gold Price in 1999: FAQ

How much did the gold price rise in 1999?

What were the highest and lowest closes of the gold price in 1999?

Highest: $325.50 on October 5, 1999. Lowest: $252.80 on July 20, 1999. It closed higher on 126 of 256 trading days.

What happened to the gold price on September 26, 1999?

European central banks sign the Washington Agreement on Gold, capping sales at 400 tonnes a year. The gold price rose 4.1% on the next trading day (September 27, 1999), and was +11.9% 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.