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 Warm Winter Weather Dips Oil Prices Despite OPEC+ Cut Extension READ MORE World Gold Council: China's Gold Market Booms in 2023 READ MORE De-Dollarization: A Gradual Shift from US Currency Control READ MORE Satellite Imagery Reveals Possible Oil Spill from Houthi-Attacked Tanker in Red Sea READ MORE Bank of America Predicts Surge to $3,000 as Central Banks and Investors Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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