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Gold after 9/11 (11 Sep 2001)

After 9/11 on 11 Sep 2001, gold was 1.5% higher three months on and 17.3% higher twelve months on, measured from the Aug 2001 monthly average of $272 a troy ounce.

Gold before
$272
Aug 2001
Gold +3 months
+1.5%
Gold +12 months
+17.3%
Silver +12 months
+9.5%
W. Bush · R$268$295$321May 2001Nov 2002

In context

Terrorist attacks on New York and Washington; U.S. equity markets closed until Sep 17.

Over the same months silver was 4.8% higher three months on and 9.5% higher twelve months on.

Of the 10 geopolitical or monetary shocks on the chart with a full year after them, this ranks 7th for gold twelve months on.

The market or central-bank moment before it on the chart: Dot-com peak (10 Mar 2000).

The one after: Afghanistan (7 Oct 2001).

Monthly average prices in U.S. dollars per troy ounce (Kitco.com and the World Bank Pink Sheet), from the last full month before a period to its last full month; the record runs Feb 1971 to Oct 2026. What the record did, not a forecast. Source: 9-11commission.gov.

Open this in the chart

Updated Oct 2026 · record through Oct 2026