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Gold after Bank of Japan goes negative (29 Jan 2016)

After Bank of Japan goes negative on 29 Jan 2016, gold was 15.4% higher three months on and 10.8% higher twelve months on, measured from the Dec 2015 monthly average of $1,076 a troy ounce.

Gold before
$1,076
Dec 2015
Gold +3 months
+15.4%
Gold +12 months
+10.8%
Silver +12 months
+19.9%
Obama · DTrump I · R$1,076$1,208$1,340Sep 2015Mar 2017

In context

The BoJ set a −0.1% deposit rate; in September it added yield-curve control on the 10-year JGB.

Over the same months silver was 16.3% higher three months on and 19.9% higher twelve months on.

Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 16th for gold twelve months on.

The market or central-bank moment before it on the chart: Swiss franc unpegged (15 Jan 2015).

The one after: Brexit (23 Jun 2016).

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: boj.or.jp.

Open this in the chart

Updated Oct 2026 · record through Oct 2026