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Gold ranged between $1,116.40 and $1,349.00 per troy ounce during 2016, averaging $1,250.33 across 11 trading days. It finished the period at $1,150.00, up 8.46% from $1,060.30.
Metal value only, before dealer margins and fabrication.
The strongest session of 2016 was 1 February 2016 at +10.52%, and the weakest 1 November 2016 at -7.92%.
Twelve months earlier gold traded around $1,060.30, making this a +8.46% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2016 | $1,116.40 | +$56.10 |
| 1 February 2016 | $1,233.90 | +$117.50 |
| 1 March 2016 | $1,234.20 | +$0.300 |
| 1 April 2016 | $1,289.20 | +$55.00 |
| 1 June 2016 | $1,318.40 | +$29.20 |
| 1 July 2016 | $1,349.00 | +$30.60 |
| 1 August 2016 | $1,306.90 | −$42.10 |
| 1 September 2016 | $1,313.30 | +$6.400 |
| 1 October 2016 | $1,271.50 | −$41.80 |
| 1 November 2016 | $1,170.80 | −$100.70 |
| 1 December 2016 | $1,150.00 | −$20.80 |
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 2016 at $1,150.00 per troy ounce, having risen $89.70 (8.46%) over the year. It has traded between $1,116.40 and $1,349.00 across 11 trading days.
The average gold closing price in 2016 was $1,250.33 per troy ounce, calculated across all 11 trading days in the year.
Gold reached its highest close of 2016 at $1,349.00 per troy ounce on 1 July 2016.
The lowest gold close in 2016 was $1,116.40 per troy ounce on 1 January 2016.
Gold rose during 2016. It entered the year at $1,060.30 and closed at $1,150.00, a change of 8.46%.
Gold closed higher on 7 sessions and lower on 4 during 2016. The strongest session was 1 February 2016 (+10.52%) and the weakest 1 November 2016 (-7.92%).
Daily closes in 2016 varied with a standard deviation of 4.97% per session, and the peak-to-trough spread across the year was 20.8% ($1,116.40 to $1,349.00).
At the 2016 close of $1,150.00 per troy ounce, gold worked out at about $36.97 per gram and $36,973.36 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 73.2 through 2016 and finished the year near 72.2. A higher ratio means silver is cheap relative to gold.
Gold was around $1,060.30 per troy ounce twelve months before the end of 2016. Closing at $1,150.00 makes that a gain of 8.5% year on year.