Gold during the Greenspan years at the Fed (1987–2006)
During Alan Greenspan's years as Fed chair (11 Aug 1987 to 31 Jan 2006), gold rose 13.1%, from $451 to $510 a troy ounce, comparing the monthly averages of Jul 1987 and Dec 2005; silver rose 13.2%.
- Gold
- +13.1%
- $451 → $510
- Silver
- +13.2%
- $7.60 → $8.60
- Gold high
- $510
- Dec 2005
- Gold low
- $256
- Jul 1999
In context
Of the 8 Fed chairs on the chart, Greenspan's years rank 6th for gold.
Presidents during these years: Reagan, H. W. Bush, Clinton, W. Bush.
Gold's monthly average ranged from $256 (Jul 1999) to $510 (Dec 2005).
Under Paul Volcker, the chair before, gold rose 52.9%.
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.
Updated Oct 2026 · record through Oct 2026