What was the price of gold in January 1980?
1980 Gold Prices – Daily Gold Price Fix Data Below
| Date | Gold Price Fix AM in US dollars per troy ounce | Gold Price Fix PM in US dollars per troy ounce |
|---|---|---|
| January 28, 1980 | $629.00 oz | $624.00 oz |
| January 29, 1980 | $678.00 oz | $674.25 oz |
| January 30, 1980 | $703.50 oz | $691.00 oz |
| January 31, 1980 | $668.00 oz | $653.00 oz |
What happened January 6th 1980?
January 6, 1980 (Sunday) First day of Global Positioning System Time. The regional president of Sicily, Piersanti Mattarella, was killed by the Mafia.
Why was there gold in 1980?
January 1980 – Gold hits a record high of $850 an ounce, as investors pile into bullion prompted by high inflation due to strong oil prices, the Soviet intervention in Afghanistan and the impact of the Iranian revolution. Investors increasingly buy gold as risk insurance for portfolios.
Why did gold prices spike in 1980?
In 1979, a second oil spike after years of global energy inflation, in conjunction with global political instability, sent gold investors into a final buying panic which ultimately led to the January 1980 peak in gold prices.
When was gold $800?
After being released from government control, gold reaches a new record price on January 14, 1980, exceeding $800 an ounce.
What was the number one song on January 6 1980?
In that special week of January people in US were listening to Please Don’t Go by K.C and the Sunshine Band. In UK There’s No One Quite Like Grandma by St Winifred’s School Choir was in the top 5 hits.
When was gold most expensive?
Highest price for gold: Historical gold price action. Gold hit US$2,067.15, the highest price for gold at the time of this writing, on August 7, 2020. Gold’s breach of the significant US$2,000 price level in mid-2020 was undoubtedly due in large part to economic uncertainty caused by the sweeping COVID-19 pandemic.