After a particularly volatile year, gold stands as the only precious metal in positive territory, with a gain of 11.65% for 2011. The price for silver fell by 8%, while platinum and palladium prices each declined by about 20%.
During the year, the price of gold ranged from a low of $1,319 in January to a peak of $1,895 reached in September. Silver ranged from a low $26.16 reached yesterday to a peak of $48.70 in April. The price of platinum also hit its lowest level yesterday at $1,354, compared to its highest price of $1,887 in August. Palladium reached its low of $549 in October and its high of $858 in February. All prices are based on London PM Fix prices for the 2011 calendar year.
The table below shows the last available London Fix prices from 2010, today’s London AM Fix price, the change, and percentage change.
2011 Precious Metals Price Performance
By comparison, last year precious metals were up across the board, with gold rising 27.7%, silver up 80.28%, platinum up 18.08%, and palladium leading with a gain of 96.77%
Gold’s performance has been the remarkably consistent, now recording a gain for the eleventh consecutive year. For eight out of the eleven years, the gain has been in double digits. Since the 2000 closing price, gold has risen from $272.65 to $1,574.50 for an overall gain of 477%.
2000-2011 Gold Price Annual Performance
|Year||Closing Price||Annual Gain||Percentage Gain|