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Gold ranged between $1,564.10 and $1,967.60 per troy ounce during 2020, averaging $1,794.95 across 10 trading days. It finished the period at $1,893.10, up 29.17% from $1,465.60.
Metal value only, before dealer margins and fabrication.
The strongest session of 2020 was 1 July 2020 at +9.47%, and the weakest 1 September 2020 at -4.07%.
Twelve months earlier gold traded around $1,465.60, making this a +29.17% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2020 | $1,582.90 | +$117.30 |
| 1 February 2020 | $1,564.10 | −$18.80 |
| 1 April 2020 | $1,684.20 | +$120.10 |
| 1 May 2020 | $1,736.90 | +$52.70 |
| 1 June 2020 | $1,793.00 | +$56.10 |
| 1 July 2020 | $1,962.80 | +$169.80 |
| 1 August 2020 | $1,967.60 | +$4.800 |
| 1 September 2020 | $1,887.50 | −$80.10 |
| 1 October 2020 | $1,877.40 | −$10.10 |
| 1 December 2020 | $1,893.10 | +$15.70 |
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 2020 at $1,893.10 per troy ounce, having risen $427.50 (29.17%) over the year. It has traded between $1,564.10 and $1,967.60 across 10 trading days.
The average gold closing price in 2020 was $1,794.95 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2020 at $1,967.60 per troy ounce on 1 August 2020.
The lowest gold close in 2020 was $1,564.10 per troy ounce on 1 February 2020.
Gold rose during 2020. It entered the year at $1,465.60 and closed at $1,893.10, a change of 29.17%.
Gold closed higher on 7 sessions and lower on 3 during 2020. The strongest session was 1 July 2020 (+9.47%) and the weakest 1 September 2020 (-4.07%).
Daily closes in 2020 varied with a standard deviation of 4.47% per session, and the peak-to-trough spread across the year was 25.8% ($1,564.10 to $1,967.60).
At the 2020 close of $1,893.10 per troy ounce, gold worked out at about $60.86 per gram and $60,864.58 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 87.0 through 2020 and finished the year near 71.9. A higher ratio means silver is cheap relative to gold.
Gold was around $1,465.60 per troy ounce twelve months before the end of 2020. Closing at $1,893.10 makes that a gain of 29.2% year on year.