A paleomagnetic study of the Late Precambrian Roxbury formation, consisting of extrusives and clastic sediments, has yielded a steeply downward directed and pre‐folding characteristic magnetization (D/I = 219°/71°, α95 = 5°, k = 311, paleopole at 13°N, 267°E, N = 4 sites), which indicates a significantly higher paleolatitude (55°) than would be expected if the Boston basin were part of the equatorial North American craton in the latest Precambrian and earliest Paleozoic. This characteristic magnetization reveals dual polarities and is further supported by a positive conglomerate test. A ubiquitous post‐folding late Paleozoic overprint is present in nine sites (D/I = 183°/14°, α95 = 8°, k = 42), with a paleopole at 41°S, 285°E. The pre‐folding magnetization resides in hematite, which is inferred to have formed during early oxidation of the rocks; the high stability of this hematite may have prevented its magnetization from being reset during the late Paleozoic chemical event responsible for the magnetic overprint. The Boston basin has a marked geological similarity to the Avalon basement terranes in Nova Scotia and Newfoundland, as well as the Armorican Massif in France, and the high paleolatitudes observed for all these terranes suggest a common paleogeographical affinity; a likely paleolocation is near the northwestern margin of Gondwana which was located at the southpole in the latest Precambrian