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Gold Price in 2011

The gold price rose 8.9% in 2011, from $1,406 at the end of 2010 to $1,531. Its highest close was $1,895 on Sep 5 — a record that has not been beaten since, and its lowest $1,319 on Jan 28. The biggest one-day fall was −5.7% on Aug 24 and the biggest rise +3.8% on Sep 27. Adjusted for inflation, it gained 5.8%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2011 →

Change in 2011
+8.9%
$1,406 → $1,531
High
$1,895
Sep 5
Low
$1,319
Jan 28
After inflation
+5.8%
US CPI
Up days
140 of 257
longest run 6 up, 6 down
Record highs
37
closing records

Gold Price, daily closes 2011

Numbers mark the events below
$1,373$1,607$1,841previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Mar 2: sets the first of 37 record closing highs this year, at $1,436.2Mar 11: Tohoku earthquake and tsunami strike northeastern Japan.3Mar 18: G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake.4Aug 5: Standard & Poor's downgrades the US long-term credit rating from AAA to AA+.5Aug 24: Biggest one-day fall of the year: −5.7%.6Sep 5: Last record close of the year: $1,895.7Sep 6: Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020.8Sep 27: Biggest one-day rise of the year: +3.8%.

Key Events in 2011

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

  1. 1
    Wednesday, March 2 From the data
    sets the first of 37 record closing highs this year, at $1,436.
  2. 2
    Friday, March 11
    Tohoku earthquake and tsunami strike northeastern Japan. Source
    Gold: −0.1% that day · +4.0% a month later
  3. 3
    Friday, March 18
    G7 countries jointly intervene to weaken the yen after it reaches record highs following the earthquake. Source
    Gold: +1.2% that day · +5.2% a month later
  4. 4
    Friday, August 5
    Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. Source
    Gold: −1.2% that day · +11.7% a month later
  5. 5
    Wednesday, August 24 From the data
    Biggest one-day fall of the year: −5.7%.
  6. 6
    Monday, September 5 From the data
    Last record close of the year: $1,895.
  7. 7
    Tuesday, September 6
    Gold reaches a peak of about $1,921 an ounce, a record that stands until 2020. Source
    Gold: 0.0% that day · −13.6% a month later
  8. 8
    Tuesday, September 27 From the data
    Biggest one-day rise of the year: +3.8%.

Biggest days of 2011

Best daysWorst days
Sep 27+3.8%Aug 24−5.7%
Oct 26+3.6%Sep 26−5.4%
Aug 26+3.4%Sep 7−4.5%
Sep 2+3.0%Dec 14−4.2%
Nov 2+2.6%Sep 22−4.0%

Volatility: 20.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$1,327−5.6%$1,406$1,319
Feb$1,411+6.3%$1,412$1,328
Mar$1,439+2.0%$1,447$1,401
Apr$1,536+6.7%$1,536$1,418
May$1,537+0.1%$1,541$1,479
Jun$1,506−2.0%$1,553$1,498
Jul$1,629+8.2%$1,629$1,483
Aug$1,814+11.4%$1,878$1,623
Sep$1,620−10.7%$1,895$1,598
Oct$1,722+6.3%$1,741$1,617
Nov$1,746+1.4%$1,795$1,681
Dec$1,531−12.3%$1,752$1,531

Other Markets in 2011

Change over the calendar year.

MarketChangeYear-end
Gold Price+8.9%$1,531
Dow Jones Industrial Average in 2011+5.5%12,217.56
S&P 500 in 20110.0%1,257.60
Nasdaq Composite in 2011−1.8%2,605.15
Russell 2000 in 2011−5.5%740.92
Nikkei 225 in 2011−17.3%8,455.35
Silver in 2011−8.0%$28.18
WTI crude oil in 2011+8.2%$98.83
Brent crude oil in 2011+15.9%$108.09
US 10-year Treasury yield in 2011−1.41 pp1.89%
20102011201220132014201520162017

Gold Price in 2011: FAQ

How much did the gold price rise in 2011?

The gold price rose 8.9% in 2011, from $1,406 at the end of 2010 to $1,531. Its highest close was $1,895 on Sep 5 — a record that has not been beaten since, and its lowest $1,319 on Jan 28. The biggest one-day fall was −5.7% on Aug 24 and the biggest rise +3.8% on Sep 27. Adjusted for inflation, it gained 5.8%.

What were the highest and lowest closes of the gold price in 2011?

Highest: $1,895 on September 5, 2011. Lowest: $1,319 on January 28, 2011. It closed higher on 140 of 257 trading days.

What happened to the gold price on August 5, 2011?

Standard & Poor's downgrades the US long-term credit rating from AAA to AA+. The gold price fell 1.2% that day, and was +11.7% a month later.

Did the gold price reach a record high in 2011?

Yes — 37 record closing highs, the last at $1,895 on September 5, 2011. (Records counted from 1968, when the free market price began.)

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.