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 Supercore Inflation Surge Signals Tough Road Ahead for Fed READ MORE Cosmic Flash Leaves Scientists Puzzled Over Origin of Gold and Platinum READ MORE Struggling Gen X: Drowning in Debt Amid Struggling Economy READ MORE January Sees U.S. Wholesale Prices Increase, Highlighting Ongoing Inflation Challenges READ MORE Homeownership Hopelessness: Renters Doubt Future Possibilities READ MORE Add a Comment Cancel replyYour email address will not be published.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