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Gold ranged between $1,240.70 and $1,316.20 per troy ounce during 2017, averaging $1,272.25 across 10 trading days. It finished the period at $1,306.30, up 13.59% from $1,150.00.
Metal value only, before dealer margins and fabrication.
The strongest session of 2017 was 1 February 2017 at +8.92%, and the weakest 1 September 2017 at -2.64%.
Twelve months earlier gold traded around $1,150.00, making this a +13.59% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 February 2017 | $1,252.60 | +$102.60 |
| 1 March 2017 | $1,247.30 | −$5.300 |
| 1 April 2017 | $1,266.10 | +$18.80 |
| 1 May 2017 | $1,272.00 | +$5.900 |
| 1 June 2017 | $1,240.70 | −$31.30 |
| 1 July 2017 | $1,266.60 | +$25.90 |
| 1 August 2017 | $1,316.20 | +$49.60 |
| 1 September 2017 | $1,281.50 | −$34.70 |
| 1 November 2017 | $1,273.20 | −$8.300 |
| 1 December 2017 | $1,306.30 | +$33.10 |
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 2017 at $1,306.30 per troy ounce, having risen $156.30 (13.59%) over the year. It has traded between $1,240.70 and $1,316.20 across 10 trading days.
The average gold closing price in 2017 was $1,272.25 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2017 at $1,316.20 per troy ounce on 1 August 2017.
The lowest gold close in 2017 was $1,240.70 per troy ounce on 1 June 2017.
Gold rose during 2017. It entered the year at $1,150.00 and closed at $1,306.30, a change of 13.59%.
Gold closed higher on 6 sessions and lower on 4 during 2017. The strongest session was 1 February 2017 (+8.92%) and the weakest 1 September 2017 (-2.64%).
Daily closes in 2017 varied with a standard deviation of 3.41% per session, and the peak-to-trough spread across the year was 6.1% ($1,240.70 to $1,316.20).
At the 2017 close of $1,306.30 per troy ounce, gold worked out at about $42.00 per gram and $41,998.52 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 74.1 through 2017 and finished the year near 76.6. A higher ratio means silver is cheap relative to gold.
Gold was around $1,150.00 per troy ounce twelve months before the end of 2017. Closing at $1,306.30 makes that a gain of 13.6% year on year.