Table 13.—U.S. gold prices' 
(Dollars per troy ounce) 
Period Low (date) High (date) Average 
 
1981                                
1982                                
i983                                
                    
391.25 
276.75 
37465 
307.90 
(Aug.4) 
(June21) 
(Nov 21) 
(Dec.20) 
599.25 
481.00 
50925 
405.85 
(Jan.6) 
(Sept.7) 
(Feb 15) 
(Mar.5) 
45964 
375.91 
42400 
360.66 
i985: 
 
 
 
 
 
January                           
February                          
March                            
April                             
May                              
June                             
July                              
August                            
September                         
October                           
November                          
December                          
298.15 
284.65 
287.65 
317.15 
310.00 
312.40 
308.65 
320.20 
316.65 
322.65 
322.35 
315.90 
(Jan.28) 
(Feb.25) 
(Marl) 
(Apr.4) 
(May6) 
(June10) 
(July 2) 
(Aug.6) 
(Sept.18) 
(Oct.1) 
(Nov.8) 
(Dec.11) 
308.40 
304.55 
330.80 
334.65 
326.90 
325.80 
327.90 
341.30 
329.65 
328.15 
331.50 
330.00 
(Jan. 18) 
(Feb.14) 
(Mar.27) 
(Apr.15) 
(May14) 
(June19) 
(July31) 
(Aug. 19and28) 
(Sept.26) 
(Oct.22) 
(Nov.26) 
(Dec.31) 
303.19 
299.22 
304.34 
325.31 
316.46 
316.89 
318.20 
330.46 
323.18 
326.24 
325.64 
322.76 
Average                        
XX 
 
XX 
 
317.66 
466 
MINERALS YEARBOOK 1985 
XX Not applicable. ' Engelhard Industries daily quotation. 
FOREIGN TRADE 
 Net imports of gold continued to increase received during 1984, reflecting
the precipidunng most of 1985 probably in response to thus decline during
1984 in imports of gold favorable currency exchange rates. With bearing copper
ore and concentrates. The the exception of gold contained in waste and rate
of growth in net exports of waste and scrap products imports of gold bearmg
ma scrap slowed considerably from the rate in terials again exceeded exports,
with total 1984. 
net imports for the year increasing 48% Gold imported in bullion coins declined
above the 1984 level. Net imports of refined 26% to about 2.06 million ounces.
Imports of bullion registered substantial gains over net South African Krugerrands
declined 73% imports of the previous 2 years; in terms of owing to a combination
of factors, such as net value, however, the increase was mar- the Presidential
banning order of October, ginal in comparison with that of 1984. the availability
of domestic gold investment Imports of gold-bearing ore and concen- items,
and a shift toward other forms of trates declined substantially from imports
investment.