Gold after US credit downgrade (5 Aug 2011)
After US credit downgrade on 5 Aug 2011, gold was 10.6% higher three months on and 3.6% higher twelve months on, measured from the Jul 2011 monthly average of $1,573 a troy ounce.
- Gold before
- $1,573
- Jul 2011
- Gold +3 months
- +10.6%
- Gold +12 months
- +3.6%
- Silver +12 months
- -24.0%
In context
S&P cut the US rating to AA+; gold hit a record $1,895 fix on Sep 5–6, 2011.
Over the same months silver was 12.7% lower three months on and 24.0% lower twelve months on.
Of the 29 market or central-bank moments on the chart with a full year after them, this ranks 20th for gold twelve months on.
The U.S. military operation before it on the chart: Libya (19 Mar 2011).
The one after: Euro crisis summit (26 Oct 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: en.wikipedia.org.
Updated Oct 2026 · record through Oct 2026