The following data is for Gold Prices in 1974.
A year in which the Us Treasury cables show critical discussions with London gold bullion market makers on how to perhaps deter US citizens from buying soon to be feely traded gold again, see below.
Additional historical Gold Price history and also current spot price charts can get found on our live Gold Price page.
Gold Price 1974 Chart
(1974 US dollar price per troy ounce of gold)
Thanks to Wikileaks interception of US treasury cables from 1974 we have now learned some of the underlying motivations for the simultaneous origin and start of gold futures contract trading on the COMEX (Commodity Exchange Inc.'s inception) occurring around the same time as private gold bullion buying was re-legalized in for US citizens at the start of 1975.
#Wikileaks 1974 Fractional reserve FUTUREs EXCHANGEs
— James Henry Anderson (@jameshenryand) January 2, 2017
help deter public's physical #Bullion demand.
See section #4 ➤https://t.co/oJuVZUFLXO pic.twitter.com/3XAapa6OT7
Source
While perhaps, in the beginning, potential efforts to help tame the rising market gold price via the COMEX's new gold futures contract market worked (see 1975 gold price and fist half 1976 gold price declines).
Eventually though in the late 1970s, the gold price in US dollar terms got away from the monetary authorities (see the 1979 gold price rise and the then 1980 gold price record).
In fact, by early 1980, there were many months in which the US monetary authorities could have gone back on the gold standard given how high the price for gold had risen .vs the amount of US dollars circulating in the financial system at the time.
By 1979, there were mornings when Federal Reserve Chairman Paul Volker got to work, the first question out his mouth to his staff was to ask about where the gold price was then. Paul Volker is even on record stating that back then 'Gold was the enemy.'
Look at the following black line in the chart below. Note how coincidentally the London market gold price action was regularly negative since 1975 to the present day. Surely the recent year's London Gold Fix price manipulation scandal helped sequester the price of gold over the more than four decades running.
Notice too how the eastern gold fiat US dollar price requires an additional '0' pre troy ounce today.
-
One wonders if that also remains the case today for monetary authorities. For instance, the all-time highest COMEX gold trade volume occurred on election night in 2016 with President Trump's shocking win. The multi-billion-dollar in notional gold futures contract trading on the COMEX helped induce a $100 oz USD intraday gold spot price swing within 24 hours of President Trump's election win.
Who might be selling multi-billions of US dollar notional gold futures contracts, precisely just because Candidate Trump unexpectedly won? One would think the trade would have been the inverse (it was at first rising some $50 oz immediately as news broke out on his win).
Such market anomalies perhaps lend further credence to the Gold Anti-Trust Action Committee's building case that indeed the gold price is actively managed today not merely by active central bank commodity futures market trading but also possibly other even more centralized bank intermediaries. Perhaps even the Bank for International Settlements (see page 17) also intervenes in the gold market as they display such service offerings to their government and central bank clientele.
1974 Gold Prices - Daily Gold Price Fix Data Below
London Bullion Market Association: LBMA Gold Price Auction, expected auction start London time locally around 10:30 AM and 15:00 PM.
Gold fix prices represent composite prices arrived at by various trading banks and brokerages in the over-the-counter Gold bullion markets.
Foreign exchange (forex) prices are the most widely quoted in the precious metals industry.
Worldwide forex gold markets trade continuously 24 hours a day from Sunday evening 6:00 PM (Eastern Time) to Friday 5:00 PM (Eastern Time).
The viewer acknowledges and agrees that SD Bullion does not guarantee the accuracy, timeliness, or completeness of price data displayed here. Nor shall it be liable to any individual or any entity for any delays, inaccuracies, errors or omissions in this price data or any other damages arising in connection with viewer's receipt or use of this data. SD Bullion offers customers the ability to purchase physical precious metal bullion products for asset preservation and prudent allocation purposes, not for mere speculation. Using our online price data, market commentaries, and opinions for speculative purposes are not advised; we are not financial planners nor certified to give you any financial advice whatsoever. The information here is merely for educational purposes.
|
Date |
Gold Price Fix AM in US dollars per troy ounce |
Gold Price Fix PM in US dollars per troy ounce |
|
January 2, 1974 |
$114.75 oz |
$116.50 oz |
|
January 3, 1974 |
$121.25 oz |
$121.25 oz |
|
January 4, 1974 |
$118.75 oz |
$118.50 oz |
|
January 7, 1974 |
$119.80 oz |
$121.50 oz |
|
January 8, 1974 |
$127.00 oz |
$126.50 oz |
|
January 9, 1974 |
$123.75 oz |
$124.00 oz |
|
January 10, 1974 |
$120.50 oz |
$120.00 oz |
|
January 11, 1974 |
$121.75 oz |
$122.00 oz |
|
January 14, 1974 |
$123.75 oz |
$124.75 oz |
|
January 15, 1974 |
$125.75 oz |
$125.50 oz |
|
January 16, 1974 |
$125.25 oz |
$126.25 oz |
|
January 17, 1974 |
$128.50 oz |
$128.35 oz |
|
January 18, 1974 |
$127.95 oz |
$130.00 oz |
|
January 21, 1974 |
$141.75 oz |
$138.25 oz |
|
January 22, 1974 |
$139.75 oz |
$137.40 oz |
|
January 23, 1974 |
$137.00 oz |
$134.50 oz |
|
January 24, 1974 |
$135.25 oz |
$141.00 oz |
|
January 25, 1974 |
$138.40 oz |
$140.90 oz |
|
January 28, 1974 |
$139.75 oz |
$139.50 oz |
|
January 29, 1974 |
$139.00 oz |
$137.50 oz |
|
January 30, 1974 |
$135.70 oz |
$135.55 oz |
|
January 31, 1974 |
$133.25 oz |
$132.50 oz |
|
February 1, 1974 |
$132.00 oz |
$130.50 oz |
|
February 4, 1974 |
$132.25 oz |
$133.50 oz |
|
February 5, 1974 |
$138.50 oz |
$140.00 oz |
|
February 6, 1974 |
$138.25 oz |
$138.00 oz |
|
February 7, 1974 |
$136.00 oz |
$139.00 oz |
|
February 8, 1974 |
$141.50 oz |
$143.00 oz |
|
February 11, 1974 |
$144.50 oz |
$145.00 oz |
|
February 12, 1974 |
$147.75 oz |
$146.50 oz |
|
February 13, 1974 |
$145.75 oz |
$144.00 oz |
|
February 14, 1974 |
$146.00 oz |
$146.00 oz |
|
February 15, 1974 |
$149.00 oz |
$148.90 oz |
|
February 18, 1974 |
$150.00 oz |
$150.00 oz |
|
February 19, 1974 |
$148.00 oz |
$149.50 oz |
|
February 20, 1974 |
$149.25 oz |
$150.00 oz |
|
February 21, 1974 |
$151.50 oz |
$156.75 oz |
|
February 22, 1974 |
$158.50 oz |
$163.00 oz |
|
February 25, 1974 |
$166.50 oz |
$169.50 oz |
|
February 26, 1974 |
$177.25 oz |
$175.00 oz |
|
February 27, 1974 |
$178.00 oz |
$174.00 oz |
|
February 28, 1974 |
$169.50 oz |
$162.50 oz |
|
March 1, 1974 |
$172.40 oz |
$167.50 oz |
|
March 4, 1974 |
$168.25 oz |
$166.00 oz |
|
March 5, 1974 |
$160.00 oz |
$159.00 oz |
|
March 6, 1974 |
$158.25 oz |
$160.00 oz |
|
March 7, 1974 |
$162.00 oz |
$166.00 oz |
|
March 8, 1974 |
$170.00 oz |
$165.00 oz |
|
March 11, 1974 |
$163.50 oz |
$165.50 oz |
|
March 12, 1974 |
$163.00 oz |
$163.00 oz |
|
March 13, 1974 |
$163.00 oz |
$164.50 oz |
|
March 14, 1974 |
$163.00 oz |
$164.50 oz |
|
March 15, 1974 |
$163.50 oz |
$163.85 oz |
|
March 18, 1974 |
$162.50 oz |
$164.00 oz |
|
March 19, 1974 |
$167.50 oz |
$169.00 oz |
|
March 20, 1974 |
$173.75 oz |
$176.00 oz |
|
March 21, 1974 |
$177.00 oz |
$175.00 oz |
|
March 22, 1974 |
$174.50 oz |
$177.50 oz |
|
March 25, 1974 |
$176.75 oz |
$176.75 oz |
|
March 26, 1974 |
$174.25 oz |
$172.25 oz |
|
March 27, 1974 |
$175.60 oz |
$174.00 oz |
|
March 28, 1974 |
$172.50 oz |
$174.50 oz |
|
March 29, 1974 |
$173.00 oz |
$173.00 oz |
|
April 1, 1974 |
$173.00 oz |
$174.10 oz |
|
April 2, 1974 |
$175.00 oz |
$177.00 oz |
|
April 3, 1974 |
$179.50 oz |
$179.50 oz |
|
April 4, 1974 |
$177.60 oz |
$176.25 oz |
|
April 5, 1974 |
$175.25 oz |
$173.25 oz |
|
April 8, 1974 |
$168.50 oz |
$167.00 oz |
|
April 9, 1974 |
$166.75 oz |
$170.00 oz |
|
April 10, 1974 |
$177.00 oz |
$173.25 oz |
|
April 11, 1974 |
$170.50 oz |
$173.50 oz |
|
April 16, 1974 |
$174.00 oz |
$172.25 oz |
|
April 17, 1974 |
$170.50 oz |
$169.90 oz |
|
April 18, 1974 |
$169.00 oz |
$170.00 oz |
|
April 19, 1974 |
$173.00 oz |
$172.00 oz |
|
April 22, 1974 |
$173.60 oz |
$174.75 oz |
|
April 23, 1974 |
$174.40 oz |
$174.70 oz |
|
April 24, 1974 |
$171.00 oz |
$170.75 oz |
|
April 25, 1974 |
$172.00 oz |
$169.00 oz |
|
April 26, 1974 |
$168.50 oz |
$169.00 oz |
|
April 29, 1974 |
$166.75 oz |
$169.25 oz |
|
April 30, 1974 |
$168.50 oz |
$169.25 oz |
|
May 1, 1974 |
$169.90 oz |
$169.50 oz |
|
May 2, 1974 |
$170.50 oz |
$169.65 oz |
|
May 3, 1974 |
$169.75 oz |
$169.00 oz |
|
May 6, 1974 |
$167.40 oz |
$166.00 oz |
|
May 7, 1974 |
$163.00 oz |
$163.00 oz |
|
May 8, 1974 |
$161.50 oz |
$157.75 oz |
|
May 9, 1974 |
$162.50 oz |
$166.25 oz |
|
May 10, 1974 |
$168.00 oz |
$167.70 oz |
|
May 13, 1974 |
$167.50 oz |
$166.50 oz |
|
May 14, 1974 |
$166.50 oz |
$166.25 oz |
|
May 15, 1974 |
$164.50 oz |
$164.40 oz |
|
May 16, 1974 |
$164.25 oz |
$164.00 oz |
|
May 17, 1974 |
$165.90 oz |
$165.50 oz |
|
May 20, 1974 |
$164.25 oz |
$162.90 oz |
|
May 21, 1974 |
$160.25 oz |
$161.00 oz |
|
May 22, 1974 |
$162.20 oz |
$163.00 oz |
|
May 23, 1974 |
$161.25 oz |
$159.50 oz |
|
May 24, 1974 |
$160.60 oz |
$161.75 oz |
|
May 28, 1974 |
$157.00 oz |
$154.00 oz |
|
May 29, 1974 |
$154.25 oz |
$155.50 oz |
|
May 30, 1974 |
$161.00 oz |
$162.00 oz |
|
May 31, 1974 |
$156.50 oz |
$156.75 oz |
|
June 3, 1974 |
$156.50 oz |
$155.50 oz |
|
June 4, 1974 |
$153.00 oz |
$154.50 oz |
|
June 5, 1974 |
$156.50 oz |
$161.75 oz |
|
June 6, 1974 |
$160.75 oz |
$159.00 oz |
|
June 7, 1974 |
$157.50 oz |
$155.50 oz |
|
June 10, 1974 |
$156.50 oz |
$157.40 oz |
|
June 11, 1974 |
$157.00 oz |
$157.25 oz |
|
June 12, 1974 |
$153.50 oz |
$156.50 oz |
|
June 13, 1974 |
$156.75 oz |
$157.00 oz |
|
June 14, 1974 |
$158.00 oz |
$160.50 oz |
|
June 17, 1974 |
$157.50 oz |
$157.50 oz |
|
June 18, 1974 |
$155.60 oz |
$155.50 oz |
|
June 19, 1974 |
$157.00 oz |
$153.60 oz |
|
June 20, 1974 |
$153.50 oz |
$151.75 oz |
|
June 21, 1974 |
$153.00 oz |
$153.75 oz |
|
June 24, 1974 |
$152.00 oz |
$150.00 oz |
|
June 25, 1974 |
$147.00 oz |
$149.75 oz |
|
June 26, 1974 |
$148.25 oz |
$146.50 oz |
|
June 27, 1974 |
$143.65 oz |
$144.50 oz |
|
June 28, 1974 |
$146.75 oz |
$144.25 oz |
|
July 1, 1974 |
$144.50 oz |
$143.00 oz |
|
July 2, 1974 |
$138.00 oz |
$137.00 oz |
|
July 3, 1974 |
$138.50 oz |
$136.50 oz |
|
July 4, 1974 |
$132.50 oz |
$129.00 oz |
|
July 5, 1974 |
$131.50 oz |
$134.00 oz |
|
July 8, 1974 |
$137.00 oz |
$141.00 oz |
|
July 9, 1974 |
$142.00 oz |
$145.50 oz |
|
July 10, 1974 |
$141.50 oz |
$138.75 oz |
|
July 11, 1974 |
$133.50 oz |
$137.00 oz |
|
July 12, 1974 |
$139.75 oz |
$137.00 oz |
|
July 15, 1974 |
$139.50 oz |
$138.75 oz |
|
July 16, 1974 |
$139.00 oz |
$141.00 oz |
|
July 17, 1974 |
$138.50 oz |
$140.75 oz |
|
July 18, 1974 |
$142.00 oz |
$144.00 oz |
|
July 19, 1974 |
$146.00 oz |
$145.50 oz |
|
July 22, 1974 |
$144.00 oz |
$143.00 oz |
|
July 23, 1974 |
$141.50 oz |
$144.00 oz |
|
July 24, 1974 |
$142.75 oz |
$144.25 oz |
|
July 25, 1974 |
$144.50 oz |
$149.00 oz |
|
July 26, 1974 |
$149.00 oz |
$149.00 oz |
|
July 29, 1974 |
$152.50 oz |
$157.50 oz |
|
July 30, 1974 |
$160.50 oz |
$157.00 oz |
|
July 31, 1974 |
$154.00 oz |
$156.00 oz |
|
August 1, 1974 |
$157.50 oz |
$159.40 oz |
|
August 2, 1974 |
$156.75 oz |
$156.50 oz |
|
August 5, 1974 |
$153.10 oz |
$153.60 oz |
|
August 6, 1974 |
$155.50 oz |
$155.00 oz |
|
August 7, 1974 |
$154.00 oz |
$154.50 oz |
|
August 8, 1974 |
$152.50 oz |
$152.00 oz |
|
August 9, 1974 |
$152.25 oz |
$154.25 oz |
|
August 12, 1974 |
$153.00 oz |
$152.25 oz |
|
August 13, 1974 |
$152.25 oz |
$151.50 oz |
|
August 14, 1974 |
$155.50 oz |
$156.25 oz |
|
August 15, 1974 |
$155.50 oz |
$153.00 oz |
|
August 16, 1974 |
$152.75 oz |
$155.50 oz |
|
August 19, 1974 |
$153.00 oz |
$155.25 oz |
|
August 20, 1974 |
$155.50 oz |
$156.00 oz |
|
August 21, 1974 |
$155.60 oz |
$155.50 oz |
|
August 22, 1974 |
$156.00 oz |
$154.50 oz |
|
August 23, 1974 |
$154.00 oz |
$154.00 oz |
|
August 27, 1974 |
$153.25 oz |
$153.50 oz |
|
August 28, 1974 |
$154.00 oz |
$154.35 oz |
|
August 29, 1974 |
$154.40 oz |
$154.55 oz |
|
August 30, 1974 |
$155.25 oz |
$156.00 oz |
|
September 2, 1974 |
$158.00 oz |
$158.50 oz |
|
September 3, 1974 |
$158.50 oz |
$157.75 oz |
|
September 4, 1974 |
$156.75 oz |
$156.90 oz |
|
September 5, 1974 |
$157.50 oz |
$157.50 oz |
|
September 6, 1974 |
$157.50 oz |
$157.00 oz |
|
September 9, 1974 |
$156.00 oz |
$155.50 oz |
|
September 10, 1974 |
$153.50 oz |
$154.50 oz |
|
September 11, 1974 |
$152.75 oz |
$152.90 oz |
|
September 12, 1974 |
$154.00 oz |
$154.40 oz |
|
September 13, 1974 |
$153.40 oz |
$153.00 oz |
|
September 16, 1974 |
$152.75 oz |
$152.75 oz |
|
September 17, 1974 |
$150.10 oz |
$147.75 oz |
|
September 18, 1974 |
$144.00 oz |
$148.00 oz |
|
September 19, 1974 |
$149.40 oz |
$149.50 oz |
|
September 20, 1974 |
$148.00 oz |
$146.00 oz |
|
September 23, 1974 |
$147.75 oz |
$148.00 oz |
|
September 24, 1974 |
$147.75 oz |
$147.50 oz |
|
September 25, 1974 |
$147.50 oz |
$147.25 oz |
|
September 26, 1974 |
$146.20 oz |
$145.40 oz |
|
September 27, 1974 |
$146.00 oz |
$148.75 oz |
|
September 30, 1974 |
$147.50 oz |
$151.25 oz |
|
October 1, 1974 |
$153.50 oz |
$155.75 oz |
|
October 2, 1974 |
$155.00 oz |
$154.00 oz |
|
October 3, 1974 |
$154.45 oz |
$155.65 oz |
|
October 4, 1974 |
$158.25 oz |
$159.00 oz |
|
October 7, 1974 |
$160.00 oz |
$157.50 oz |
|
October 8, 1974 |
$155.75 oz |
$155.10 oz |
|
October 9, 1974 |
$154.95 oz |
$155.70 oz |
|
October 10, 1974 |
$158.40 oz |
$158.25 oz |
|
October 11, 1974 |
$156.25 oz |
$157.00 oz |
|
October 14, 1974 |
$154.50 oz |
$154.85 oz |
|
October 15, 1974 |
$154.20 oz |
$155.00 oz |
|
October 16, 1974 |
$155.25 oz |
$155.00 oz |
|
October 17, 1974 |
$154.50 oz |
$155.00 oz |
|
October 18, 1974 |
$155.00 oz |
$155.25 oz |
|
October 21, 1974 |
$157.50 oz |
$157.00 oz |
|
October 22, 1974 |
$158.20 oz |
$158.00 oz |
|
October 23, 1974 |
$157.75 oz |
$157.80 oz |
|
October 24, 1974 |
$158.50 oz |
$162.00 oz |
|
October 25, 1974 |
$165.50 oz |
$163.25 oz |
|
October 28, 1974 |
$165.00 oz |
$167.50 oz |
|
October 29, 1974 |
$169.50 oz |
$168.25 oz |
|
October 30, 1974 |
$167.90 oz |
$168.00 oz |
|
October 31, 1974 |
$166.40 oz |
$167.00 oz |
|
November 1, 1974 |
$168.75 oz |
$167.75 oz |
|
November 4, 1974 |
$168.60 oz |
$169.25 oz |
|
November 5, 1974 |
$173.50 oz |
$173.75 oz |
|
November 6, 1974 |
$177.00 oz |
$178.00 oz |
|
November 7, 1974 |
$179.00 oz |
$177.25 oz |
|
November 8, 1974 |
$177.50 oz |
$183.00 oz |
|
November 11, 1974 |
$182.50 oz |
$182.00 oz |
|
November 12, 1974 |
$179.00 oz |
$180.00 oz |
|
November 13, 1974 |
$183.00 oz |
$185.25 oz |
|
November 14, 1974 |
$186.50 oz |
$188.25 oz |
|
November 15, 1974 |
$188.00 oz |
$187.50 oz |
|
November 18, 1974 |
$190.00 oz |
$190.50 oz |
|
November 19, 1974 |
$189.00 oz |
$187.75 oz |
|
November 20, 1974 |
$185.05 oz |
$180.50 oz |
|
November 21, 1974 |
$184.75 oz |
$182.50 oz |
|
November 22, 1974 |
$181.75 oz |
$182.00 oz |
|
November 25, 1974 |
$182.25 oz |
$183.75 oz |
|
November 26, 1974 |
$185.75 oz |
$186.00 oz |
|
November 27, 1974 |
$185.00 oz |
$184.25 oz |
|
November 28, 1974 |
$182.25 oz |
$181.50 oz |
|
November 29, 1974 |
$182.00 oz |
$184.00 oz |
|
December 2, 1974 |
$185.50 oz |
$185.75 oz |
|
December 3, 1974 |
$182.00 oz |
$183.00 oz |
|
December 4, 1974 |
$170.50 oz |
$174.25 oz |
|
December 5, 1974 |
$175.25 oz |
$178.50 oz |
|
December 6, 1974 |
$178.25 oz |
$180.90 oz |
|
December 9, 1974 |
$179.25 oz |
$180.50 oz |
|
December 10, 1974 |
$178.50 oz |
$178.00 oz |
|
December 11, 1974 |
$177.50 oz |
$174.75 oz |
|
December 12, 1974 |
$174.00 oz |
$175.75 oz |
|
December 13, 1974 |
$178.40 oz |
$179.75 oz |
|
December 16, 1974 |
$184.00 oz |
$183.00 oz |
|
December 17, 1974 |
$186.75 oz |
$188.50 oz |
|
December 18, 1974 |
$188.75 oz |
$187.00 oz |
|
December 19, 1974 |
$185.50 oz |
$186.25 oz |
|
December 20, 1974 |
$185.50 oz |
$187.50 oz |
|
December 23, 1974 |
$192.25 oz |
$193.00 oz |
|
December 24, 1974 |
$192.25 oz |
|
|
December 27, 1974 |
$194.50 oz |
$195.00 oz |
|
December 30, 1974 |
$197.50 oz |
$195.25 oz |
|
December 31, 1974 |
$187.50 oz |
$186.50 oz |
LBMA Gold price fix history data is posted with permission. All rights are reserved.