Gold after Iran (21 Jun 2025)
After Iran on 21 Jun 2025, gold was 10.8% higher three months on and 27.8% higher twelve months on, measured from the May 2025 monthly average of $3,309 a troy ounce.
- Gold before
- $3,309
- May 2025
- Gold +3 months
- +10.8%
- Gold +12 months
- +27.8%
- Silver +12 months
- +103.4%
In context
U.S. Operation Midnight Hammer strikes in Iran (Saturday, U.S. Eastern date).
Over the same months silver was 30.5% higher three months on and 103.4% higher twelve months on.
Of the 11 U.S. military operations on the chart with a full year after them, this ranks 2nd for gold twelve months on.
The market or central-bank moment before it on the chart: Moody’s strips the last AAA (16 May 2025).
The one after: Iran war (28 Feb 2026).
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: defense.gov.
Updated Oct 2026 · record through Oct 2026