Gold after Euro crisis summit (26 Oct 2011)
After Euro crisis summit on 26 Oct 2011, gold was 6.7% lower three months on and 1.4% lower twelve months on, measured from the Sep 2011 monthly average of $1,772 a troy ounce.
- Gold before
- $1,772
- Sep 2011
- Gold +3 months
- -6.7%
- Gold +12 months
- -1.4%
- Silver +12 months
- -13.1%
In context
Euro-area leaders agreed a 50% write-off of Greek debt held by banks and about €1 trillion in bail-out funds as the debt crisis spread.
Over the same months silver was 19.6% lower three months on and 13.1% lower twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 22nd for gold twelve months on.
The market or central-bank moment before it on the chart: US credit downgrade (5 Aug 2011).
The one after: Gold’s 2013 crash (12 Apr 2013).
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