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Gold ranged between $1,191.50 and $1,339.00 per troy ounce during 2018, averaging $1,263.13 across 10 trading days. It finished the period at $1,278.30, down 2.14% from $1,306.30.
Metal value only, before dealer margins and fabrication.
The strongest session of 2018 was 1 December 2018 at +4.76%, and the weakest 1 August 2018 at -4.08%.
Twelve months earlier gold traded around $1,306.30, making this a -2.14% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2018 | $1,339.00 | +$32.70 |
| 1 February 2018 | $1,315.50 | −$23.50 |
| 1 March 2018 | $1,322.80 | +$7.300 |
| 1 May 2018 | $1,300.10 | −$22.70 |
| 1 June 2018 | $1,251.30 | −$48.80 |
| 1 August 2018 | $1,200.30 | −$51.00 |
| 1 September 2018 | $1,191.50 | −$8.800 |
| 1 October 2018 | $1,212.30 | +$20.80 |
| 1 November 2018 | $1,220.20 | +$7.900 |
| 1 December 2018 | $1,278.30 | +$58.10 |
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 2018 at $1,278.30 per troy ounce, having fallen $28.00 (2.14%) over the year. It has traded between $1,191.50 and $1,339.00 across 10 trading days.
The average gold closing price in 2018 was $1,263.13 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2018 at $1,339.00 per troy ounce on 1 January 2018.
The lowest gold close in 2018 was $1,191.50 per troy ounce on 1 September 2018.
Gold fell during 2018. It entered the year at $1,306.30 and closed at $1,278.30, a change of -2.14%.
Gold closed higher on 5 sessions and lower on 5 during 2018. The strongest session was 1 December 2018 (+4.76%) and the weakest 1 August 2018 (-4.08%).
Daily closes in 2018 varied with a standard deviation of 2.78% per session, and the peak-to-trough spread across the year was 12.4% ($1,191.50 to $1,339.00).
At the 2018 close of $1,278.30 per troy ounce, gold worked out at about $41.10 per gram and $41,098.30 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 81.6 through 2018 and finished the year near 82.8. A higher ratio means silver is cheap relative to gold.
Gold was around $1,306.30 per troy ounce twelve months before the end of 2018. Closing at $1,278.30 makes that a decline of 2.1% year on year.