How gold performed under Donald Trump II (2025–)
Under Donald Trump II (20 Jan 2025 to the present), gold rose 55.0%, from $2,648 to $4,104 a troy ounce, comparing the monthly averages of Dec 2024 and Oct 2026; silver rose 85.3%.
- Gold
- +55.0%
- $2,648 → $4,104
- Silver
- +85.3%
- $30.80 → $57.08
- Gold high
- $5,020
- Feb 2026
- Gold low
- $2,648
- Dec 2024
In context
Donald Trump II's 1.8 years rank 5th of 11 presidencies since 1971 for gold. Silver did better than gold, rising 85.3%, from $30.80 to $57.08.
Gold's monthly average peaked at $5,020 in Feb 2026 and was lowest at $2,648 in Dec 2024 during the term.
That is a gain of about 27.0% a year, against 8.7% a year for gold across the whole record.
Under Joe Biden, the presidency before, 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