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Gold after Libya (19 Mar 2011)

After Libya on 19 Mar 2011, gold was 11.2% higher three months on and 21.9% higher twelve months on, measured from the Feb 2011 monthly average of $1,375 a troy ounce.

Gold before
$1,375
Feb 2011
Gold +3 months
+11.2%
Gold +12 months
+21.9%
Silver +12 months
+7.1%
Obama · D$1,360$1,566$1,772Nov 2010May 2012

In context

U.S. Operation Odyssey Dawn strikes began.

Over the same months silver was 16.2% higher three months on and 7.1% higher twelve months on.

Of the 11 U.S. military operations on the chart with a full year after them, this ranks 3rd for gold twelve months on.

The market or central-bank moment before it on the chart: Central banks turn net buyers (1 Jan 2010).

The one after: US credit downgrade (5 Aug 2011).

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.

Open this in the chart

Updated Oct 2026 · record through Oct 2026