London Gold Pool
![Gold bull market prices and their decline after the collapse of the London Gold Pool in 1968 (in nominal US$ and inflation adjusted US$/oz)](/Images/godic/202501/24/Gold_price5030.png")
The London Gold Pool was the pooling of gold reserves by a group of eight central banks in the United States and seven European countries that agreed on 1 November 1961 to cooperate in maintaining the Bretton Woods System of fixed-rate convertible currencies and defending a gold price of US$35 per troy ounce by interventions in the London gold market.