GOLD — LONDON PM FIX
London Bullion Market gold PM fix. Safe haven asset — spikes during geopolitical crises and oil shocks.
286 monthly data points from 2010-01-01 to 2026-05-02.
Current$4,644.5/toz
Change+0.1%
All-Time High$5,318.4/toz (2026-01-29)
All-Time Low$1,520.36/toz (2016-01-01)
2019 Avg$2,550/toz
Data Points286
ALL-TIME (2010–2026)
Full history. Dashed line = 2019 average ($2,550/toz).
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       └──────────────────────────────────────────────────────────────────────
        2010-01                            2022-02                     2026-05
1-YEAR
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  4695 ┤             ╭╮╭╯    ╰╯                     │     │╰───╯╰╯    ╰──╮ ╭──  now
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        2025-07                            2026-03                     2026-05
CONTEXT
Gold is the primary safe-haven asset during geopolitical crises.
Hormuz crisis response: gold rallies on oil shock → inflation expectations → flight to safety.
Historical pattern: every major oil crisis since 1973 has triggered gold rallies.

Correlation: Brent +50% → Gold typically +15-25% (with 2-4 week lag).
Central bank buying: 1,037 tonnes in 2023 (record) — de-dollarization trend amplifies crisis moves.
UAE (Dubai) is world's #3 gold trading hub — physical flows could be disrupted by Hormuz conflict.

2020 COVID peak: $2,067/toz. 2024 all-time high: $2,700+/toz.
In Hormuz crisis scenario: gold likely tests $3,000-3,500/toz if oil exceeds $150/bbl.
Source: World Bank Pink Sheet (monthly, 2010–present).
Updated monthly. 286 data points since 2010-01-01.
LinkedIn · rmn [at] project45.pl
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