Update: Xbox decided to cancel the price hike of Xbox Live Gold affirming that they “missed the mark” The official statement
We’re turning this moment into an opportunity to bring Xbox Live more in line with how we see the player at the center of their experience.
Microsoft has just announced a price increase for its Xbox Live Gold service.
Along with the announcement of February’s line up of Games with Gold, Microsoft announced that one month of the membership is increasing by $1, and the three-month subscription is increased by $5. This means that one month of Xbox Live Gold will cost $10.99, three months for $29.99, and six months for $59.99. A year of the service will be will cost $120.