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Gold after China doubles reported gold reserves (24 Apr 2009)

After China doubles reported gold reserves on 24 Apr 2009, gold was 1.1% higher three months on and 24.4% higher twelve months on, measured from the Mar 2009 monthly average of $924 a troy ounce.

Gold before
$924
Mar 2009
Gold +3 months
+1.1%
Gold +12 months
+24.4%
Silver +12 months
+38.2%
Obama · D$816$1,025$1,233Dec 2008Jun 2010

In context

The PBoC revealed holdings of 1,054 t, up from 600 t — the start of the central-bank buying era.

Over the same months silver was 2.3% higher three months on and 38.2% higher twelve months on.

Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 8th for gold twelve months on.

The market or central-bank moment before it on the chart: Lehman collapses (15 Sep 2008).

The one after: Central banks turn net buyers (1 Jan 2010).

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: gold.org.

Open this in the chart

Updated Oct 2026 · record through Oct 2026