Gold's Rise: LBMA London Gold Price Sets New Record as Year Ends The LBMA London Gold Price has broken its all-time record as 2023 draws to a close, marking a significant milestone in gold’s rapid appreciation throughout the year. Opening at $1835.05 on January 3, the precious metal has seen a substantial gain of $232.10 or 12.65%, reaching new heights by the year’s end. This remarkable surge represents a 633.7% increase since the start of the century, highlighting gold’s enduring appeal as a reliable store of value. Ruth Crowell, CEO of LBMA, emphasized gold’s role as the preferred safe haven for investors during times of economic and geopolitical instability. This record-setting achievement is part of a long history of gold pricing, dating back to the first London gold price auction on September 12, 1919, now known as the LBMA Gold Price. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases READ MORE Gold Recovers After Fed Decision Golds Interest Rates Steady READ MORE Copper Prices Surge as Short Squeeze Sparks US Metal Rush READ MORE Rich Retirees' Spending Could Keep Fed Rate Cuts at Bay READ MORE Safe-Haven Appeal Drives Gold Over $2,400 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment