Gold after Savings and loan bailout (9 Aug 1989)
After Savings and loan bailout on 9 Aug 1989, gold was 5.1% higher three months on and 5.3% higher twelve months on, measured from the Jul 1989 monthly average of $375 a troy ounce.
- Gold before
- $375
- Jul 1989
- Gold +3 months
- +5.1%
- Gold +12 months
- +5.3%
- Silver +12 months
- -3.8%
In context
FIRREA became law to resolve the savings and loan crisis; the Resolution Trust Corporation went on to close 747 S&Ls with over $407 billion in assets.
Over the same months silver was 5.8% higher three months on and 3.8% lower twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 19th for gold twelve months on.
The market or central-bank moment before it on the chart: Black Monday (19 Oct 1987).
The one after: Panama (20 Dec 1989).
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: federalreservehistory.org.
Updated Oct 2026 · record through Oct 2026