GoldLens

Macro Risk Analytics

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History

Gold since 1833

For almost 140 years the price barely moved, except when governments reset it. Then the gold standard ended, and every war, crisis and policy shift began to show up in the chart.

Latest monthly average (Aug 2026)
$4,411
About 108× the $41 of July 1971
January 1980 in today’s dollars
$2,906
$675 then, a monthly average. Inflation-adjusted, it stood as the record until Feb 2025.
Turning points marked
27
Click a dot, use the arrows, or press play to walk through them.
$50$100$200$500$1,000$2,000$5,00019801990200020102020
Monetary policy·15 Aug 1971

Nixon closes the gold window

The US stops converting dollars into gold for foreign governments, ending Bretton Woods. From here gold floats, and the chart stops being flat.

Aug 1971 average
$43.00
A year later
+55.8%

1 of 22

What comes next

Upcoming events to watch

Scheduled political and policy events that can move gold. Each note describes how an event can reach gold, not a forecast.

  1. 4 Oct 2026·War & geopolitics
    In 5 days

    Brazil general election

    Brazil’s central bank returned to gold buying in 2025. A runoff, if needed, is on 25 October.

    Wikipedia
  2. 27 Oct 2026·War & geopolitics
    In 28 days

    Israel Knesset election

    Held during the war with Iran. A change in government could change the course of the conflict.

    The Times of Israel
  3. 27–28 Oct 2026·Monetary policy
    In 28 days

    Fed rate decision (FOMC)

    Gold pays no interest, so the path of US rates is one of its biggest drivers. Rate-cut hopes faded this year as oil pushed inflation up.

    Federal Reserve
  4. 3 Nov 2026·War & geopolitics
    In 35 days

    US midterm elections

    Control of Congress shapes US spending, deficits and trade policy, which feed into the dollar and yields.

    Wikipedia
  5. 18–19 Nov 2026·War & geopolitics
    In 50 days

    APEC leaders’ meeting, Shenzhen

    Another chance for US and Chinese leaders to meet while their trade truce is still temporary.

    CGTN
  6. 8–9 Dec 2026·Monetary policy
    In 2 months

    Fed rate decision and projections

    Comes with new rate projections, the market’s best read on how many cuts, or hikes, lie ahead.

    Federal Reserve
  7. 11 Dec 2026·Monetary policy
    In 2 months

    US government funding runs out

    The stopgap funding law expires. A shutdown fight can weigh on the dollar and lift demand for havens.

    Congress.gov (CRS)
  8. 14–15 Dec 2026·War & geopolitics
    In 3 months

    G20 leaders’ summit, Miami

    The largest economies meet with an energy shock, trade tensions and the Iran war on the table.

    Wikipedia
  9. 10 Jan 2027·War & geopolitics
    In 3 months

    US–China trade truce expires

    Extended by two months in September. If it lapses, tariffs and export controls can snap back, and gold rallied during past trade escalations.

    CNBC

Ongoing

Since 28 Feb 2026

War with Iran and the Strait of Hormuz

A ceasefire collapsed on 8 July. As of late September the strait was reported closed and talks were indirect. It is the main reason oil, and with it inflation, is high.

Wikipedia
Since 24 Feb 2022

Central banks are still buying

Poland, China, Uzbekistan and Kazakhstan led buying in 2026 to July, while Turkey and Russia sold. See the globe on the dashboard.

World Gold Council

Last reviewed 29 Sep 2026.