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Gold hit a record near $1,920 in 2011 amid the European debt crisis and the first-ever US credit downgrade — a peak that stood for nine years.
Monthly path for 2011, anchored to the real open ($ 1,388.00), the high in September, the low in January, and the close ($ 1,565.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
Year-over-year, gold rose +11.39% versus its 2010 close of $ 1,405.00.
Gold set its record in September amid the European debt crisis and the first-ever US credit downgrade.
Gold’s low came in January, before the year’s powerful safe-haven surge.
2011 was the climax of gold’s long post-2008 bull market. With Europe’s debt crisis deepening and Standard & Poor’s stripping the United States of its top-tier credit rating in August, fear gripped markets and money flooded into gold. The metal surged to a record near $1,920 per ounce in early September.
That peak proved historic: it would not be surpassed for nearly nine years, until 2020. Gold cooled in the final months of 2011 as the immediate panic eased, but still finished the year up about 10% — a fitting cap to one of the most powerful bull runs in its history.
Europe’s sovereign-debt crisis fueled relentless safe-haven demand.
Standard & Poor’s issued the first-ever downgrade of the US credit rating in August.
Gold peaked near $1,920 in September 2011 — a record that would stand until 2020.
Prices cooled into year-end as the panic subsided, but gold still gained about 10%.
Gold hit a then-record high of roughly $1,920 per troy ounce in September 2011, a level that stood until 2020.
The European sovereign-debt crisis and the first-ever downgrade of the US credit rating drove intense safe-haven demand, pushing gold to a record.
Gold's 2011 high was about $ 1,920.00 per troy ounce, reached in September.
The average gold price in 2011 was roughly $ 1,571.00 per troy ounce — it opened near $ 1,388.00 and closed around $ 1,565.00.
Gold rose about 10.1% over 2011, between a low of $ 1,319.00 and a high of $ 1,920.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.