Gold Price in 2018
In 2018, the price of gold averaged $1,269 per troy ounce, up 1.0% from the year before. This page covers the 2018 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2018 Average
$1,269
LBMA annual average, USD/oz
Change vs 2017
+1.0%
from $1,257 in 2017
2018 High
$1,366
from daily trading data
2018 Low
$1,160
from daily trading data
Year-End Close
$1,282
last trading day of 2018
What happened to the gold price in 2018
Gold averaged $1,269 per troy ounce in 2018, essentially unchanged from $1,257 in 2017. Daily trading data shows gold moved between a low of $1,160 and a high of $1,366 during the year, ending 2018 at $1,282. The notable development of 2018: U.S.-China trade war begins.
The 2010s split into two very different halves. Quantitative easing and the European debt crisis drove gold to $1,921 in September 2011, then a multi-year correction set in as the Fed tapered and raised rates, before rate cuts and trade tensions revived the metal late in the decade.
Adjusted for inflation, gold's 2018 average of $1,269 equals about $1,629 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2018?
What is a 2018 gold price worth in today's dollars?
What moved the gold price in 2018?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.