How gold performed under Donald Trump I (2017–2021)
Under Donald Trump I (20 Jan 2017 to 20 Jan 2021), gold rose 60.6%, from $1,157 to $1,858 a troy ounce, comparing the monthly averages of Dec 2016 and Dec 2020; silver rose 52.4%.
- Gold
- +60.6%
- $1,157 → $1,858
- Silver
- +52.4%
- $16.40 → $25.00
- Gold high
- $1,969
- Aug 2020
- Gold low
- $1,157
- Dec 2016
In context
Donald Trump I's 4 years rank 4th of 11 presidencies since 1971 for gold. Silver did worse than gold, rising 52.4%, from $16.40 to $25.00.
Gold's monthly average peaked at $1,969 in Aug 2020 and was lowest at $1,157 in Dec 2016 during the term.
That is a gain of about 12.6% a year, against 8.7% a year for gold across the whole record.
Under Barack Obama, the presidency before, gold rose 41.8%.
Under Joe Biden, the presidency after, gold rose 42.5%.
Republican presidencies since 1971: 7 of 11.
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