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Gold Price in 2007 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2007

← 200620072008 →

Jan 1

$632

Opening Price

Dec 31

$834

Closing Price

Year High

$841

Annual High

Year Low

$608

Annual Low

Annual Avg

$695

Average Price

vs 2006

+31.1%

Annual Change

Monthly Gold Price Chart — 2007

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $631High: $806

Monthly Average Gold Prices — 2007

MonthAvg Price (USD/oz)vs Prev Month
Jan 2007$631-0.2%
Feb 2007$664+5.2%
Mar 2007$655-1.4%
Apr 2007$680+3.8%
May 2007$666-2.1%
Jun 2007$655-1.7%
Jul 2007$665+1.5%
Aug 2007$665+0.0%
Sep 2007$713+7.2%
Oct 2007$754+5.8%
Nov 2007$806+6.9%
Dec 2007$803-0.4%

What Happened to Gold in 2007?

The US subprime mortgage crisis erupted in 2007, driving gold to its highest levels since 1980. The Federal Reserve cut rates aggressively, the dollar fell sharply, and financial institutions began reporting massive write-offs. Gold crossed $700 in April and then $800 in November as Bear Stearns's hedge funds collapsed.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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