Gold Price in 2007
The gold price rose 31.9% in 2007, from $632.00 at the end of 2006 to $833.75. Its highest close was $841.10 on Nov 8, and its lowest $608.40 on Jan 10. The biggest one-day fall was −3.4% on Nov 12 and the biggest rise +2.3% on Feb 22. Adjusted for inflation, it gained 26.7%.
Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2007 →
Gold Price, daily closes 2007
Numbers mark the events belowKey Events in 2007
What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.
- 1
Thursday, February 22 From the dataBiggest one-day rise of the year: +2.3%.
- 2
Thursday, August 9BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. SourceGold: −1.9% that day · +1.9% a month later
- 3
Friday, September 14Northern Rock receives Bank of England emergency support, triggering a run on the bank. SourceGold: +1.7% that day · +6.4% a month later
- 4
Wednesday, September 19 From the dataBack above its pre-bear-market peak of $725.00 (May 12, 2006).
- 5
Monday, November 12 From the dataBiggest one-day fall of the year: −3.4%.
Biggest days of 2007
| Best days | Worst days | ||
|---|---|---|---|
| Feb 22 | +2.3% | Nov 12 | −3.4% |
| Dec 27 | +2.3% | Jan 5 | −3.1% |
| Nov 6 | +2.2% | Mar 2 | −2.8% |
| May 4 | +2.2% | Nov 15 | −2.4% |
| Dec 10 | +2.1% | Mar 5 | −2.3% |
Volatility: 15.6% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $650.50 | +2.9% |
| Feb | $664.20 | +2.1% |
| Mar | $661.75 | −0.4% |
| Apr | $677.00 | +2.3% |
| May | $659.10 | −2.6% |
| Jun | $650.50 | −1.3% |
| Jul | $665.50 | +2.3% |
| Aug | $672.00 | +1.0% |
| Sep | $743.00 | +10.6% |
| Oct | $789.50 | +6.3% |
| Nov | $783.50 | −0.8% |
| Dec | $833.75 | +6.4% |
Other Markets in 2007
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Gold Price | +31.9% | $833.75 |
| Dow Jones Industrial Average in 2007 | +6.4% | 13,264.82 |
| S&P 500 in 2007 | +3.5% | 1,468.36 |
| Nasdaq Composite in 2007 | +9.8% | 2,652.28 |
| Russell 2000 in 2007 | −2.7% | 766.03 |
| Nikkei 225 in 2007 | −11.1% | 15,307.78 |
| Silver in 2007 | +14.4% | $14.76 |
| WTI crude oil in 2007 | +57.7% | $95.95 |
| Brent crude oil in 2007 | +58.9% | $93.68 |
| US 10-year Treasury yield in 2007 | −0.67 pp | 4.04% |
Gold Price in 2007: FAQ
How much did the gold price rise in 2007?
The gold price rose 31.9% in 2007, from $632.00 at the end of 2006 to $833.75. Its highest close was $841.10 on Nov 8, and its lowest $608.40 on Jan 10. The biggest one-day fall was −3.4% on Nov 12 and the biggest rise +2.3% on Feb 22. Adjusted for inflation, it gained 26.7%.
What were the highest and lowest closes of the gold price in 2007?
Highest: $841.10 on November 8, 2007. Lowest: $608.40 on January 10, 2007. It closed higher on 149 of 256 trading days.
What happened to the gold price on August 9, 2007?
BNP Paribas closes funds exposed to US subprime mortgages, marking the start of the credit crunch. The gold price fell 1.9% that day, and was +1.9% 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.