Investezo › Gold months › 2008 › October
Gold (XAUUSD) in October 2008: high, low and the biggest days
Gold ended October 2008 down 16.9% at US$723.70. It traded between US$681.40 on 24 Oct 2008 and US$931.10 on 10 Oct 2008, and its biggest day was -6.94% on 10 Oct 2008. Its median daily range was much wider than gold's median for all of 2008.
Key numbers
| Trading days counted | 23 |
| First open (1 Oct 2008) | US$872.40 |
| Last close (31 Oct 2008) | US$723.70 |
| Close before the month (30 Sep 2008) | US$870.90 |
| Month change | -16.9% · -US$147.20 |
| Month high (10 Oct 2008) | US$931.10 |
| Month low (24 Oct 2008) | US$681.40 |
| High to low span (US$ · % of the close before the month) | US$249.70 · 28.67% |
| Median daily move (either way) | 2.119% |
| Median daily range | 4.927% · US$40.10 |
| Median daily range for all of 2008 | 2.464% |
| Days moving 1%+ / 2%+ | 17 / 12 |
| Up days / down days | 10 / 13 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 7 Oct 2008 | +3.42% | US$29.40 |
| Worst day | 10 Oct 2008 | -6.94% | -US$63.40 |
| Widest high-low day | 10 Oct 2008 | 11.45% | US$104.50 |
October 2008 against every October, 2005–2024
Ranked against October in each of the 20 years from 2005 to 2024 (1 = highest): month change 20th, median daily range 1st, high-low span 1st. Across those years the strongest October was 2023 (+7.31%) and the weakest 2008 (-16.9%).
October inside 2008
The median daily range in October 2008 was 4.927%, which is much wider than the median for all of 2008 (2.464%; ratio 2.00). By median daily range it was the widest of the 12 months of 2008. The full year is on the gold in 2008 page.
Every trading day of October 2008
| Date | Close | Move | High-low |
|---|---|---|---|
| 1 Oct 2008 | US$869.90 | -0.11% | US$28.70 |
| 2 Oct 2008 | US$835.80 | -3.92% | US$46.30 |
| 3 Oct 2008 | US$835.30 | -0.06% | US$28.10 |
| 6 Oct 2008 | US$858.60 | +2.79% | US$50.40 |
| 7 Oct 2008 | US$888.00 | +3.42% | US$32.00 |
| 8 Oct 2008 | US$908.10 | +2.26% | US$43.40 |
| 9 Oct 2008 | US$913.00 | +0.54% | US$43.00 |
| 10 Oct 2008 | US$849.60 | -6.94% | US$104.50 |
| 13 Oct 2008 | US$831.60 | -2.12% | US$49.30 |
| 14 Oct 2008 | US$836.20 | +0.55% | US$21.80 |
| 15 Oct 2008 | US$847.50 | +1.35% | US$25.30 |
| 16 Oct 2008 | US$805.50 | -4.96% | US$64.80 |
| 17 Oct 2008 | US$782.80 | -2.82% | US$42.40 |
| 20 Oct 2008 | US$796.00 | +1.69% | US$25.30 |
| 21 Oct 2008 | US$771.50 | -3.08% | US$38.00 |
| 22 Oct 2008 | US$729.20 | -5.48% | US$55.70 |
| 23 Oct 2008 | US$723.90 | -0.73% | US$36.60 |
| 24 Oct 2008 | US$733.20 | +1.28% | US$66.10 |
| 27 Oct 2008 | US$730.50 | -0.37% | US$40.10 |
| 28 Oct 2008 | US$748.90 | +2.52% | US$31.60 |
| 29 Oct 2008 | US$757.50 | +1.15% | US$36.90 |
| 30 Oct 2008 | US$738.40 | -2.52% | US$44.60 |
| 31 Oct 2008 | US$723.70 | -1.99% | US$23.80 |
What this month means for an EA
The widest day, 10 Oct 2008, covered US$104.50 from high to low; the median day covered US$40.10. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$104.50 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in October 2008?
Down: the last close was US$723.70 on 31 Oct 2008, -16.9% (-US$147.20) against US$870.90 on 30 Sep 2008.
What were gold's high and low in October 2008?
High US$931.10 on 10 Oct 2008, low US$681.40 on 24 Oct 2008, a span of US$249.70.
What was gold's biggest day in October 2008?
10 Oct 2008: -6.94% (-US$63.40) close to close.