Gold after Iraq (19 Mar 2003)
After Iraq on 19 Mar 2003, gold was 0.8% lower three months on and 13.4% higher twelve months on, measured from the Feb 2003 monthly average of $359 a troy ounce.
- Gold before
- $359
- Feb 2003
- Gold +3 months
- -0.8%
- Gold +12 months
- +13.4%
- Silver +12 months
- +53.2%
In context
Operation Iraqi Freedom combat operations began (evening, U.S. Eastern).
Over the same months silver was 4.3% lower three months on and 53.2% higher twelve months on.
Of the 11 U.S. military operations on the chart with a full year after them, this ranks 4th for gold twelve months on.
The U.S. military operation before it on the chart: Afghanistan (7 Oct 2001).
The one after: GLD launches (18 Nov 2004).
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: media.defense.gov.
Updated Oct 2026 · record through Oct 2026