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Gold Price in 2016

The gold price rose 8.5% in 2016, from $1,061 at the end of 2015 to $1,151. Its highest close was $1,373 on Aug 2, and its lowest $1,074 on Jan 14. The biggest one-day fall was −3.3% on Oct 4 and the biggest rise +4.7% on Jun 24. Adjusted for inflation, it gained 6.3%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2016 →

Change in 2016
+8.5%
$1,061 → $1,151
High
$1,373
Aug 2
Low
$1,074
Jan 14
After inflation
+6.3%
US CPI
Up days
125 of 255
longest run 7 up, 8 down
Below record
-39.3%
at the end of 2016

Gold Price, daily closes 2016

Numbers mark the events below
$1,102$1,223$1,345JanFebMarAprMayJunJulAugSepOctNovDec1Jun 23: UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in.2Jun 24: Biggest one-day rise of the year: +4.7%.3Oct 4: Biggest one-day fall of the year: −3.3%.4Nov 8: Donald Trump wins the US presidential election.

Key Events in 2016

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

  1. 1
    Thursday, June 23
    UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. Source
    Gold: −0.5% that day · +4.2% a month later
  2. 2
    Friday, June 24 From the data
    Biggest one-day rise of the year: +4.7%.
  3. 3
    Tuesday, October 4 From the data
    Biggest one-day fall of the year: −3.3%.
  4. 4
    Tuesday, November 8
    Donald Trump wins the US presidential election. Source
    Gold: −0.5% that day · −8.7% a month later

Biggest days of 2016

Best daysWorst days
Jun 24+4.7%Oct 4−3.3%
Feb 11+4.5%Nov 11−2.5%
Feb 8+3.5%Feb 16−2.5%
Mar 17+2.8%May 9−2.1%
Jun 3+2.7%Nov 23−2.0%

Volatility: 15.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$1,116+5.2%$1,120$1,074
Feb$1,234+10.6%$1,248$1,127
Mar$1,236+0.1%$1,273$1,222
Apr$1,291+4.4%$1,291$1,219
May$1,215−5.9%$1,296$1,214
Jun$1,321+8.7%$1,327$1,210
Jul$1,358+2.8%$1,367$1,319
Aug$1,309−3.6%$1,373$1,309
Sep$1,316+0.5%$1,350$1,310
Oct$1,277−3.0%$1,311$1,251
Nov$1,173−8.1%$1,304$1,173
Dec$1,151−1.9%$1,177$1,128

Other Markets in 2016

Change over the calendar year.

MarketChangeYear-end
Gold Price+8.5%$1,151
Dow Jones Industrial Average in 2016+13.4%19,762.60
S&P 500 in 2016+9.5%2,238.83
Nasdaq Composite in 2016+7.8%5,440.17
Russell 2000 in 2016+19.5%1,357.13
Silver in 2016+14.9%$15.90
US 10-year Treasury yield in 2016+0.18 pp2.45%
20102011201220132014201520162017

Gold Price in 2016: FAQ

How much did the gold price rise in 2016?

The gold price rose 8.5% in 2016, from $1,061 at the end of 2015 to $1,151. Its highest close was $1,373 on Aug 2, and its lowest $1,074 on Jan 14. The biggest one-day fall was −3.3% on Oct 4 and the biggest rise +4.7% on Jun 24. Adjusted for inflation, it gained 6.3%.

What were the highest and lowest closes of the gold price in 2016?

Highest: $1,373 on August 2, 2016. Lowest: $1,074 on January 14, 2016. It closed higher on 125 of 255 trading days.

What happened to the gold price on June 23, 2016?

UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. The gold price fell 0.5% that day, and was +4.2% a month later.

Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.