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Gold Bull Market Reaches 1,008th-Day

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Jack Vearey | Getty Images

Gold futures prices for December delivery settled at $1,822 Thursday, marking a new record close and the thousand-eighth day of the metal's bull market run.

During this period, gold prices have risen 158.4 percent, the third best bull-market performance since 1975.

According to Bespoke Investment Group, the median gold bull market has lasted 418 days, while the median gain stands at 64 percent.

That compares to the median gold bear market, which lasted 274 days, with a median loss of 34 percent.

The worst percent drop was recorded back in August 3, 1981, when gold prices fell nearly 46 percent over a 315-day period, after they had risen 335 percent to $834 from November 29, 1978 to January 21, 1980 (418-days) --the best bull market run since 1975.

Looking back at gold prices adjusted for inflation, bullion traded at its highest level in January 1980, when the price of gold would stand at about $2,049.


Source: CNBC & Haver Analytics

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