Gold price archive · USD per troy ounce
Gold Price 2016
In 2016, gold closed between $1,073.90 and $1,364.90 per ounce, a change of +8.46% for the year.
- Open
- $1,075.10
- High close
- $1,364.90
- Low close
- $1,073.90
- Close
- $1,150.00
- Average
- $1,249.71
- Vs. 2015
- +8.46%
Gold prices by month, 2016
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| January | $1,075.10 | $1,121.70 | $1,073.90 | $1,116.40 | +5.29% |
| February | $1,127.90 | $1,247.90 | $1,127.30 | $1,233.90 | +10.52% |
| March | $1,230.30 | $1,272.00 | $1,219.90 | $1,234.20 | +0.02% |
| April | $1,222.20 | $1,289.20 | $1,218.00 | $1,289.20 | +4.46% |
| May | $1,294.70 | $1,294.70 | $1,213.80 | $1,214.80 | −5.77% |
| June | $1,211.90 | $1,323.90 | $1,209.80 | $1,318.40 | +8.53% |
| July | $1,336.70 | $1,364.90 | $1,318.80 | $1,349.00 | +2.32% |
| August | $1,351.40 | $1,364.40 | $1,306.90 | $1,306.90 | −3.12% |
| September | $1,312.20 | $1,349.40 | $1,305.80 | $1,313.30 | +0.49% |
| October | $1,309.00 | $1,309.00 | $1,248.90 | $1,271.50 | −3.18% |
| November | $1,286.40 | $1,306.80 | $1,170.80 | $1,170.80 | −7.92% |
| December | $1,166.90 | $1,175.10 | $1,127.80 | $1,150.00 | −1.78% |
Closing prices of the front-month COMEX gold futures contract. Intraday highs and lows are not included.
Gold in 2016: the year in review
Gold rallied in the first half, and the United Kingdom’s vote to leave the European Union on June 23, 2016 briefly added safe-haven buying. After the U.S. election in November, rising yields and a stronger dollar erased part of the gain.
In 2016, gold rose 8.5%, the 9th best result of the 16 calendar years since 2001. Its highest close, $1,364.90, came on July 6, and its lowest, $1,073.90, on January 14.
Gold finished higher in 7 of 12 months. The strongest month was February (+10.52%) and the weakest was November (−7.92%). The largest single-day gain of the year was 4.7% on June 24, and the largest drop was 3.5% on November 14.
Gold did not set a new record close in 2016; its best close was 27.7% below the record that stood at the time.
Figures use daily closing prices of the front-month COMEX gold futures contract, U.S. Eastern Time. See how we calculate prices.
Gold price 2016 questions
What was the price of gold in 2016?
Gold traded between $1,073.90 and $1,364.90 per troy ounce in 2016, based on daily closing prices. It closed the period at $1,150.00, and the average close was $1,249.71.
Did gold go up or down in 2016?
Gold rose 8.46% from the previous year-end close.
How does 2016 compare with a year earlier?
The year-end close of $1,150.00 is 8.5% higher than 2015.