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Gold ranged between $716.80 and $972.10 per troy ounce during 2008, averaging $872.28 across 11 trading days. It finished the period at $883.60, up 5.83% from $834.90.
Metal value only, before dealer margins and fabrication.
The strongest session of 2008 was 1 November 2008 at +13.87%, and the weakest 1 October 2008 at -18.01%.
Twelve months earlier gold traded around $834.90, making this a +5.83% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2008 | $922.70 | +$87.80 |
| 1 February 2008 | $972.10 | +$49.40 |
| 1 March 2008 | $916.20 | −$55.90 |
| 1 April 2008 | $862.80 | −$53.40 |
| 1 May 2008 | $887.30 | +$24.50 |
| 1 July 2008 | $913.90 | +$26.60 |
| 1 August 2008 | $829.30 | −$84.60 |
| 1 September 2008 | $874.20 | +$44.90 |
| 1 October 2008 | $716.80 | −$157.40 |
| 1 November 2008 | $816.20 | +$99.40 |
| 1 December 2008 | $883.60 | +$67.40 |
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 2008 at $883.60 per troy ounce, having risen $48.70 (5.83%) over the year. It has traded between $716.80 and $972.10 across 11 trading days.
The average gold closing price in 2008 was $872.28 per troy ounce, calculated across all 11 trading days in the year.
Gold reached its highest close of 2008 at $972.10 per troy ounce on 1 February 2008.
The lowest gold close in 2008 was $716.80 per troy ounce on 1 October 2008.
Gold rose during 2008. It entered the year at $834.90 and closed at $883.60, a change of 5.83%.
Gold closed higher on 7 sessions and lower on 4 during 2008. The strongest session was 1 November 2008 (+13.87%) and the weakest 1 October 2008 (-18.01%).
Daily closes in 2008 varied with a standard deviation of 9.56% per session, and the peak-to-trough spread across the year was 35.6% ($716.80 to $972.10).
At the 2008 close of $883.60 per troy ounce, gold worked out at about $28.41 per gram and $28,408.40 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 61.6 through 2008 and finished the year near 78.4. A higher ratio means silver is cheap relative to gold.
Gold was around $834.90 per troy ounce twelve months before the end of 2008. Closing at $883.60 makes that a gain of 5.8% year on year.