Gold after BoJ widens the yield band (20 Dec 2022)
After BoJ widens the yield band on 20 Dec 2022, gold was 10.9% higher three months on and 17.4% higher twelve months on, measured from the Nov 2022 monthly average of $1,725 a troy ounce.
- Gold before
- $1,725
- Nov 2022
- Gold +3 months
- +10.9%
- Gold +12 months
- +17.4%
- Silver +12 months
- +13.8%
In context
The Bank of Japan let the 10-year JGB yield rise to 0.5%, the first step out of yield-curve control.
Over the same months silver was 4.8% higher three months on and 13.8% higher twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 12th for gold twelve months on.
The market or central-bank moment before it on the chart: PBoC resumes gold buying (7 Nov 2022).
The one after: SVB fails (10 Mar 2023).
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.
Updated Oct 2026 · record through Oct 2026