What was the gold price before Moody’s strips the last AAA?

Gold's monthly average was $3,218 a troy ounce in Apr 2025, the month before.

Gold after Moody’s strips the last AAA (16 May 2025)

Q: What did silver do after Moody’s strips the last AAA?

After Moody’s strips the last AAA, silver was 18.6% higher three months on and 142.2% higher twelve months on, measured from the Apr 2025 monthly average.

After Moody’s strips the last AAA on 16 May 2025, gold was 4.7% higher three months on and 42.5% higher twelve months on, measured from the Apr 2025 monthly average of $3,218 a troy ounce.

Gold before: $3,218; Apr 2025
Gold +3 months: +4.7%
Gold +12 months: +42.5%
Silver +12 months: +142.2%

In context

Moody’s cut the US to Aa1, the final major agency to drop the top rating.

Over the same months silver was 18.6% higher three months on and 142.2% higher twelve months on.

Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 6th for gold twelve months on.

The market or central-bank moment before it on the chart: “Liberation Day” tariffs (2 Apr 2025).

The one after: Iran (21 Jun 2025).

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: ratings.moodys.com.

Open this in the chart

Updated Oct 2026 · record through Oct 2026