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Gold peaked near $415 early in 1996 but faded all year, weighed down by central-bank selling and a roaring US stock market.
Monthly path for 1996, anchored to the real open ($ 387.00), the high in February, the low in December, and the close ($ 369.00). The dashed line marks the yearly average; intra-year movement between anchor points is illustrative.
1996 began with promise — gold touched about $415 in February, its best level in several years — but it was a false dawn. As the year wore on, persistent selling by central banks and the magnetic pull of a soaring US stock market steadily drained interest from the metal.
Gold faded month after month to close near $369, down about 5%. It was a typical year of the 1990s: every rally sold into, the bear market grinding relentlessly on.
Gold reached a multi-year high around $415 in February.
Heavy central-bank gold sales pressured prices through the year.
A booming US economy and stock market sapped investment demand.
Gold drifted to a yearly low near $367 in December.
Heavy central-bank selling and a booming US stock market drew investors away from gold, which faded from $415 to about $369 over the year.
Gold reached roughly $415 per troy ounce in February 1996 before declining for the rest of the year.
Gold's 1996 high was about $ 415.00 per troy ounce, reached in February.
The average gold price in 1996 was roughly $ 388.00 per troy ounce — it opened near $ 387.00 and closed around $ 369.00.
Gold fell about 4.6% over 1996, between a low of $ 367.00 and a high of $ 415.00.
Historical figures are approximate annual values shown for educational analysis and may differ from other sources. This is not financial advice — see our disclaimer.