Gold after Brown’s Bottom (7 May 1999)
After Brown’s Bottom on 7 May 1999, gold was 9.2% lower three months on and 2.8% lower twelve months on, measured from the Apr 1999 monthly average of $283 a troy ounce.
- Gold before
- $283
- Apr 1999
- Gold +3 months
- -9.2%
- Gold +12 months
- -2.8%
- Silver +12 months
- -2.0%
In context
The UK Treasury announced the sale of over half its gold reserves; gold hit a 20-year low of $252 that summer.
Over the same months silver was 3.9% higher three months on and 2.0% lower twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 23rd for gold twelve months on.
The U.S. military operation before it on the chart: Kosovo (24 Mar 1999).
The one after: Washington Agreement on Gold (26 Sep 1999).
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: en.wikipedia.org.
Updated Oct 2026 · record through Oct 2026