What was the gold price before Asian financial crisis?

Gold's monthly average was $341 a troy ounce in Jun 1997, the month before.

Gold after Asian financial crisis (2 Jul 1997)

Q: What did silver do after Asian financial crisis?

After Asian financial crisis, silver was 4.2% higher three months on and 14.6% higher twelve months on, measured from the Jun 1997 monthly average.

After Asian financial crisis on 2 Jul 1997, gold was 4.7% lower three months on and 14.1% lower twelve months on, measured from the Jun 1997 monthly average of $341 a troy ounce.

Gold before: $341; Jun 1997
Gold +3 months: -4.7%
Gold +12 months: -14.1%
Silver +12 months: +14.6%

In context

Thailand devalued the baht against the U.S. dollar and the crisis spread across East Asia.

Over the same months silver was 4.2% higher three months on and 14.6% higher twelve months on.

Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 28th for gold twelve months on.

The U.S. military operation before it on the chart: Desert Storm (16 Jan 1991).

The one after: LTCM rescue (23 Sep 1998).

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: federalreservehistory.org.

Open this in the chart

Updated Oct 2026 · record through Oct 2026