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Gold ranged between $648.10 and $834.90 per troy ounce during 2007, averaging $711.84 across 10 trading days. It finished the period at $834.90, up 31.44% from $635.20.
Metal value only, before dealer margins and fabrication.
The strongest session of 2007 was 1 September 2007 at +10.37%, and the weakest 1 June 2007 at -1.95%.
Twelve months earlier gold traded around $635.20, making this a +31.44% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2007 | $652.00 | +$16.80 |
| 1 February 2007 | $669.40 | +$17.40 |
| 1 March 2007 | $663.00 | −$6.400 |
| 1 May 2007 | $661.00 | −$2.000 |
| 1 June 2007 | $648.10 | −$12.90 |
| 1 August 2007 | $673.00 | +$24.90 |
| 1 September 2007 | $742.80 | +$69.80 |
| 1 October 2007 | $792.00 | +$49.20 |
| 1 November 2007 | $782.20 | −$9.800 |
| 1 December 2007 | $834.90 | +$52.70 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2007 at $834.90 per troy ounce, having risen $199.70 (31.44%) over the year. It has traded between $648.10 and $834.90 across 10 trading days.
The average gold closing price in 2007 was $711.84 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2007 at $834.90 per troy ounce on 1 December 2007.
The lowest gold close in 2007 was $648.10 per troy ounce on 1 June 2007.
Gold rose during 2007. It entered the year at $635.20 and closed at $834.90, a change of 31.44%.
Gold closed higher on 6 sessions and lower on 4 during 2007. The strongest session was 1 September 2007 (+10.37%) and the weakest 1 June 2007 (-1.95%).
Daily closes in 2007 varied with a standard deviation of 4.10% per session, and the peak-to-trough spread across the year was 28.8% ($648.10 to $834.90).
At the 2007 close of $834.90 per troy ounce, gold worked out at about $26.84 per gram and $26,842.66 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 52.4 through 2007 and finished the year near 56.4. A higher ratio means silver is cheap relative to gold.
Gold was around $635.20 per troy ounce twelve months before the end of 2007. Closing at $834.90 makes that a gain of 31.4% year on year.