Gold during the Miller years at the Fed (1978–1979)
During G. William Miller's years as Fed chair (8 Mar 1978 to 6 Aug 1979), gold rose 65.7%, from $178 to $295 a troy ounce, comparing the monthly averages of Feb 1978 and Jul 1979; silver rose 82.0%.
- Gold
- +65.7%
- $178 → $295
- Silver
- +82.0%
- $5.00 → $9.10
- Gold high
- $295
- Jul 1979
- Gold low
- $175
- Apr 1978
In context
Of the 8 Fed chairs on the chart, Miller's years rank 4th for gold.
Presidents during these years: Carter.
Gold's monthly average ranged from $175 (Apr 1978) to $295 (Jul 1979).
Under Arthur Burns, the chair before, gold rose 321.1%.
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