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 July Sees Record Central Bank Gold Acquisition Since January READ MORE Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ READ MORE Goldman Sachs Reveals Record Hedge Fund Sell-Off in U.S. Equities READ MORE Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications READ MORE Add a Comment Cancel replyYour email address will not be published.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