Gold Price in 1998
In 1998, the LBMA gold price fell 5.6% — from $305 at the start of the year to $288 by year-end. It reached a high of $311 in April and a low of $273 in August, averaging $295 for the year.
1998 gold price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $305 | $311 (April) | $273 (August) | $288 | $295 |
| GBP | £186 | £186 (January) | £165 (August) | £172 | £177 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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