Gold after Black Monday (19 Oct 1987)
After Black Monday on 19 Oct 1987, gold was 3.7% higher three months on and 11.5% lower twelve months on, measured from the Sep 1987 monthly average of $460 a troy ounce.
- Gold before
- $460
- Sep 1987
- Gold +3 months
- +3.7%
- Gold +12 months
- -11.5%
- Silver +12 months
- -17.1%
In context
The Dow fell 22.6% in one day; central banks flooded markets with liquidity.
Over the same months silver was 11.8% lower three months on and 17.1% lower twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 26th for gold twelve months on.
The market or central-bank moment before it on the chart: Plaza Accord (22 Sep 1985).
The one after: Savings and loan bailout (9 Aug 1989).
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.
Updated Oct 2026 · record through Oct 2026