Investezo › Gold months › 2008 › August
Gold (XAUUSD) in August 2008: high, low and the biggest days
Gold ended August 2008 down 9.04% at US$830.70. It traded between US$772.60 on 15 Aug 2008 and US$916.70 on 1 Aug 2008, and its biggest day was -3.92% on 11 Aug 2008. Its median daily range was about the same as gold's median for all of 2008.
Key numbers
| Trading days counted | 21 |
| First open (1 Aug 2008) | US$913.70 |
| Last close (29 Aug 2008) | US$830.70 |
| Close before the month (31 Jul 2008) | US$913.30 |
| Month change | -9.04% · -US$82.60 |
| Month high (1 Aug 2008) | US$916.70 |
| Month low (15 Aug 2008) | US$772.60 |
| High to low span (US$ · % of the close before the month) | US$144.10 · 15.78% |
| Median daily move (either way) | 1.575% |
| Median daily range | 2.362% · US$21.50 |
| Median daily range for all of 2008 | 2.464% |
| Days moving 1%+ / 2%+ | 12 / 5 |
| Up days / down days | 8 / 13 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 21 Aug 2008 | +2.8% | US$22.80 |
| Worst day | 11 Aug 2008 | -3.92% | -US$33.60 |
| Widest high-low day | 11 Aug 2008 | 5.55% | US$47.50 |
August 2008 against every August, 2005–2024
Ranked against August in each of the 20 years from 2005 to 2024 (1 = highest): month change 20th, median daily range 2nd, high-low span 2nd. Across those years the strongest August was 2011 (+12.19%) and the weakest 2008 (-9.04%).
August inside 2008
The median daily range in August 2008 was 2.362%, which is about the same as the median for all of 2008 (2.464%; ratio 0.96). By median daily range it was the 5th widest of the 12 months of 2008. The full year is on the gold in 2008 page.
Every trading day of August 2008
| Date | Close | Move | High-low |
|---|---|---|---|
| 1 Aug 2008 | US$910.30 | -0.33% | US$15.00 |
| 4 Aug 2008 | US$894.70 | -1.71% | US$21.50 |
| 5 Aug 2008 | US$873.70 | -2.35% | US$23.00 |
| 6 Aug 2008 | US$879.10 | +0.62% | US$13.50 |
| 7 Aug 2008 | US$872.80 | -0.72% | US$17.00 |
| 8 Aug 2008 | US$856.20 | -1.9% | US$22.90 |
| 11 Aug 2008 | US$822.60 | -3.92% | US$47.50 |
| 12 Aug 2008 | US$811.30 | -1.37% | US$24.80 |
| 13 Aug 2008 | US$826.10 | +1.82% | US$24.50 |
| 14 Aug 2008 | US$806.00 | -2.43% | US$31.90 |
| 15 Aug 2008 | US$787.10 | -2.34% | US$32.30 |
| 18 Aug 2008 | US$799.50 | +1.58% | US$14.40 |
| 19 Aug 2008 | US$813.60 | +1.76% | US$34.50 |
| 20 Aug 2008 | US$813.10 | -0.06% | US$18.30 |
| 21 Aug 2008 | US$835.90 | +2.8% | US$27.50 |
| 22 Aug 2008 | US$822.70 | -1.58% | US$16.80 |
| 25 Aug 2008 | US$821.10 | -0.19% | US$9.90 |
| 26 Aug 2008 | US$824.10 | +0.37% | US$23.60 |
| 27 Aug 2008 | US$826.40 | +0.28% | US$12.50 |
| 28 Aug 2008 | US$833.70 | +0.88% | US$18.70 |
| 29 Aug 2008 | US$830.70 | -0.36% | US$9.30 |
What this month means for an EA
The widest day, 11 Aug 2008, covered US$47.50 from high to low; the median day covered US$21.50. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$47.50 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in August 2008?
Down: the last close was US$830.70 on 29 Aug 2008, -9.04% (-US$82.60) against US$913.30 on 31 Jul 2008.
What were gold's high and low in August 2008?
High US$916.70 on 1 Aug 2008, low US$772.60 on 15 Aug 2008, a span of US$144.10.
What was gold's biggest day in August 2008?
11 Aug 2008: -3.92% (-US$33.60) close to close.