Gold price archive · USD per troy ounce
Gold Price 2008
In 2008, gold closed between $704.90 and $1,003.20 per ounce, a change of +5.83% for the year.
- Open
- $857.00
- High close
- $1,003.20
- Low close
- $704.90
- Close
- $883.60
- Average
- $870.98
- Vs. 2007
- +5.83%
Gold prices by month, 2008
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| January | $857.00 | $927.10 | $857.00 | $922.70 | +10.52% |
| February | $908.70 | $972.10 | $885.90 | $972.10 | +5.35% |
| March | $981.50 | $1,003.20 | $916.20 | $916.20 | −5.75% |
| April | $882.90 | $945.10 | $862.80 | $862.80 | −5.83% |
| May | $848.90 | $928.00 | $848.90 | $887.30 | +2.84% |
| June | $892.90 | $929.30 | $867.90 | $926.20 | +4.38% |
| July | $942.50 | $977.70 | $902.90 | $913.90 | −1.33% |
| August | $909.00 | $909.00 | $786.00 | $829.30 | −9.26% |
| September | $805.00 | $903.90 | $741.30 | $874.20 | +5.41% |
| October | $880.70 | $903.10 | $713.30 | $716.80 | −18.01% |
| November | $725.40 | $819.40 | $704.90 | $816.20 | +13.87% |
| December | $774.60 | $883.60 | $750.50 | $883.60 | +8.26% |
Closing prices of the front-month COMEX gold futures contract. Intraday highs and lows are not included.
Gold in 2008: the year in review
Gold crossed $1,000 an ounce for the first time in March 2008, around the rescue of Bear Stearns. After Lehman Brothers failed in September, investors sold almost everything to raise cash and gold fell sharply for a time, yet it still ended the year with a gain while stocks collapsed.
In 2008, gold rose 5.8%, the 6th best result of the 8 calendar years since 2001. Its highest close, $1,003.20, came on March 18, and its lowest, $704.90, on November 13.
Gold finished higher in 7 of 12 months. The strongest month was November (+13.87%) and the weakest was October (−18.01%). The largest single-day gain of the year was 9.0% on September 17, and the largest drop was 5.8% on March 19.
Gold closed at a new all-time high on 21 trading days in 2008. Every record-setting year since 2000 is listed on the gold all-time high page.
Figures use daily closing prices of the front-month COMEX gold futures contract, U.S. Eastern Time. See how we calculate prices.
Gold price 2008 questions
What was the price of gold in 2008?
Gold traded between $704.90 and $1,003.20 per troy ounce in 2008, based on daily closing prices. It closed the period at $883.60, and the average close was $870.98.
Did gold go up or down in 2008?
Gold rose 5.83% from the previous year-end close.
How does 2008 compare with a year earlier?
The year-end close of $883.60 is 5.8% higher than 2007.