Gold during the Powell years at the Fed (2018–2026)
During Jerome Powell's years as Fed chair (5 Feb 2018 to 22 May 2026), gold rose 254.7%, from $1,331 to $4,721 a troy ounce, comparing the monthly averages of Jan 2018 and Apr 2026; silver rose 343.9%.
- Gold
- +254.7%
- $1,331 → $4,721
- Silver
- +343.9%
- $17.10 → $75.90
- Gold high
- $5,020
- Feb 2026
- Gold low
- $1,198
- Sep 2018
In context
Of the 8 Fed chairs on the chart, Powell's years rank 2nd for gold.
Presidents during these years: Trump I, Biden, Trump II.
Gold's monthly average ranged from $1,198 (Sep 2018) to $5,020 (Feb 2026).
Under Janet Yellen, the chair before, gold rose 7.0%.
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