Investezo › Gold months › 2008 › March
Gold (XAUUSD) in March 2008: high, low and the biggest days
Gold ended March 2008 down 5.93% at US$915.80. It traded between US$904.40 on 20 Mar 2008 and US$1,032.20 on 17 Mar 2008, and its biggest day was -4.1% on 19 Mar 2008. Its median daily range was calmer than gold's median for all of 2008.
Key numbers
| Trading days counted | 21 |
| First open (3 Mar 2008) | US$976.10 |
| Last close (31 Mar 2008) | US$915.80 |
| Close before the month (29 Feb 2008) | US$973.50 |
| Month change | -5.93% · -US$57.70 |
| Month high (17 Mar 2008) | US$1,032.20 |
| Month low (20 Mar 2008) | US$904.40 |
| High to low span (US$ · % of the close before the month) | US$127.80 · 13.13% |
| Median daily move (either way) | 1.181% |
| Median daily range | 2.223% · US$20.40 |
| Median daily range for all of 2008 | 2.464% |
| Days moving 1%+ / 2%+ | 11 / 5 |
| Up days / down days | 11 / 10 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 25 Mar 2008 | +2.89% | US$26.40 |
| Worst day | 19 Mar 2008 | -4.1% | -US$40.30 |
| Widest high-low day | 19 Mar 2008 | 6.04% | US$59.40 |
March 2008 against every March, 2005–2024
Ranked against March in each of the 20 years from 2005 to 2024 (1 = highest): month change 20th, median daily range 3rd, high-low span 2nd. Across those years the strongest March was 2024 (+9.23%) and the weakest 2008 (-5.93%).
March inside 2008
The median daily range in March 2008 was 2.223%, which is calmer than the median for all of 2008 (2.464%; ratio 0.90). By median daily range it was the 6th widest of the 12 months of 2008. The full year is on the gold in 2008 page.
Every trading day of March 2008
| Date | Close | Move | High-low |
|---|---|---|---|
| 3 Mar 2008 | US$983.20 | +1% | US$13.90 |
| 4 Mar 2008 | US$964.40 | -1.91% | US$31.50 |
| 5 Mar 2008 | US$988.80 | +2.53% | US$33.80 |
| 6 Mar 2008 | US$974.60 | -1.44% | US$27.10 |
| 7 Mar 2008 | US$972.50 | -0.22% | US$19.20 |
| 10 Mar 2008 | US$972.70 | +0.02% | US$19.70 |
| 11 Mar 2008 | US$973.40 | +0.07% | US$20.40 |
| 12 Mar 2008 | US$982.00 | +0.88% | US$15.90 |
| 13 Mar 2008 | US$993.60 | +1.18% | US$18.10 |
| 14 Mar 2008 | US$1,002.50 | +0.9% | US$16.50 |
| 17 Mar 2008 | US$1,004.10 | +0.16% | US$38.50 |
| 18 Mar 2008 | US$983.00 | -2.1% | US$35.50 |
| 19 Mar 2008 | US$942.70 | -4.1% | US$59.40 |
| 20 Mar 2008 | US$909.60 | -3.51% | US$34.70 |
| 21 Mar 2008 | US$917.60 | +0.88% | US$8.10 |
| 24 Mar 2008 | US$912.50 | -0.56% | US$20.40 |
| 25 Mar 2008 | US$938.90 | +2.89% | US$24.60 |
| 26 Mar 2008 | US$954.50 | +1.66% | US$20.40 |
| 27 Mar 2008 | US$949.10 | -0.57% | US$14.60 |
| 28 Mar 2008 | US$931.20 | -1.89% | US$26.80 |
| 31 Mar 2008 | US$915.80 | -1.65% | US$28.40 |
What this month means for an EA
The widest day, 19 Mar 2008, covered US$59.40 from high to low; the median day covered US$20.40. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$59.40 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in March 2008?
Down: the last close was US$915.80 on 31 Mar 2008, -5.93% (-US$57.70) against US$973.50 on 29 Feb 2008.
What were gold's high and low in March 2008?
High US$1,032.20 on 17 Mar 2008, low US$904.40 on 20 Mar 2008, a span of US$127.80.
What was gold's biggest day in March 2008?
19 Mar 2008: -4.1% (-US$40.30) close to close.