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Gold Price in 2020

The gold price rose 24.7% in 2020, from $1,520 at the end of 2019 to $1,895. Its highest close was $2,069 on Aug 6 — a record that stood until December 1, 2023, and its lowest $1,477 on Mar 18. The biggest one-day fall was −5.0% on Nov 9 and the biggest rise +5.9% on Mar 24. Adjusted for inflation, it gained 23.0%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2020 →

Change in 2020
+24.7%
$1,520 → $1,895
High
$2,069
Aug 6
Low
$1,477
Mar 18
After inflation
+23.0%
US CPI
Up days
147 of 253
longest run 9 up, 5 down
Record highs
9
closing records

Gold Price, daily closes 2020

Numbers mark the events below
$1,533$1,773$2,014previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Mar 11: World Health Organization declares COVID-19 a pandemic.2Mar 24: Biggest one-day rise of the year: +5.9%.3Mar 27: President Trump signs the $2.2 trillion CARES Act economic relief bill.4Jul 24: sets the first of 9 record closing highs this year, at $1,898. Back above its pre-bear-market peak of $1,895 (September 5, 2011).5Aug 4: Gold rises above $2,000 an ounce for the first time.6Aug 4: closes above $2,000 for the first time ($2,021).7Aug 6: Last record close of the year: $2,069.8Nov 9: Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs.

Key Events in 2020

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

  1. 1
    Wednesday, March 11
    World Health Organization declares COVID-19 a pandemic. Source
    Gold: −1.1% that day · +0.4% a month later
  2. 2
    Tuesday, March 24 From the data
    Biggest one-day rise of the year: +5.9%.
  3. 3
    Friday, March 27
    President Trump signs the $2.2 trillion CARES Act economic relief bill. Source
    Gold: −1.6% that day · +3.7% a month later
  4. 4
    Friday, July 24 From the data
    sets the first of 9 record closing highs this year, at $1,898. Back above its pre-bear-market peak of $1,895 (September 5, 2011).
  5. 5
    Tuesday, August 4
    Gold rises above $2,000 an ounce for the first time. Source
    Gold: +2.8% that day · +0.7% a month later
  6. 6
    Tuesday, August 4 From the data
    closes above $2,000 for the first time ($2,021).
  7. 7
    Thursday, August 6 From the data
    Last record close of the year: $2,069.
  8. 8
    Monday, November 9
    Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. Source
    Gold: −5.0% that day · −3.9% a month later

Biggest days of 2020

Best daysWorst days
Mar 24+5.9%Nov 9−5.0%
Mar 23+5.6%Mar 13−4.6%
Apr 9+4.3%Feb 28−4.6%
Mar 3+3.1%Aug 11−4.6%
Apr 2+3.0%Mar 12−3.2%

Volatility: 21.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$1,583+4.2%$1,584$1,525
Feb$1,564−1.2%$1,672$1,550
Mar$1,583+1.2%$1,675$1,477
Apr$1,684+6.4%$1,757$1,578
May$1,752+4.0%$1,753$1,684
Jun$1,801+2.8%$1,801$1,683
Jul$1,963+9.0%$1,963$1,780
Aug$1,979+0.8%$2,069$1,923
Sep$1,896−4.2%$1,979$1,866
Oct$1,880−0.8%$1,930$1,868
Nov$1,776−5.5%$1,952$1,776
Dec$1,895+6.7%$1,895$1,814

Other Markets in 2020

Change over the calendar year.

MarketChangeYear-end
Gold Price+24.7%$1,895
Dow Jones Industrial Average in 2020+7.2%30,606.48
S&P 500 in 2020+16.3%3,756.07
Nasdaq Composite in 2020+43.6%12,888.28
Russell 2000 in 2020+18.4%1,974.86
Nikkei 225 in 2020+16.0%27,444.17
Silver in 2020+47.7%$26.33
WTI crude oil in 2020−20.5%$48.52
Brent crude oil in 2020−21.5%$51.80
US 10-year Treasury yield in 2020−1.00 pp0.92%
2020202120222023202420252026

Gold Price in 2020: FAQ

How much did the gold price rise in 2020?

The gold price rose 24.7% in 2020, from $1,520 at the end of 2019 to $1,895. Its highest close was $2,069 on Aug 6 — a record that stood until December 1, 2023, and its lowest $1,477 on Mar 18. The biggest one-day fall was −5.0% on Nov 9 and the biggest rise +5.9% on Mar 24. Adjusted for inflation, it gained 23.0%.

What were the highest and lowest closes of the gold price in 2020?

Highest: $2,069 on August 6, 2020. Lowest: $1,477 on March 18, 2020. It closed higher on 147 of 253 trading days.

What happened to the gold price on November 9, 2020?

Pfizer and BioNTech report their COVID-19 vaccine is more than 90% effective; US stock indexes hit record highs. The gold price fell 5.0% that day, and was −3.9% a month later.

Did the gold price reach a record high in 2020?

Yes — 9 record closing highs, the last at $2,069 on August 6, 2020. (Records counted from 1968, when the free market price began.)

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.