Investezo › Gold months › 2008 › November
Gold (XAUUSD) in November 2008: high, low and the biggest days
Gold ended November 2008 up 12.75% at US$816.00. It traded between US$699.70 on 13 Nov 2008 and US$830.50 on 25 Nov 2008, and its biggest day was +7.38% on 21 Nov 2008. Its median daily range was much wider than gold's median for all of 2008.
Key numbers
| Trading days counted | 19 |
| First open (3 Nov 2008) | US$728.20 |
| Last close (27 Nov 2008) | US$816.00 |
| Close before the month (31 Oct 2008) | US$723.70 |
| Month change | +12.75% · US$92.30 |
| Month high (25 Nov 2008) | US$830.50 |
| Month low (13 Nov 2008) | US$699.70 |
| High to low span (US$ · % of the close before the month) | US$130.80 · 18.07% |
| Median daily move (either way) | 1.207% |
| Median daily range | 3.642% · US$27.40 |
| Median daily range for all of 2008 | 2.464% |
| Days moving 1%+ / 2%+ | 10 / 6 |
| Up days / down days | 10 / 9 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 21 Nov 2008 | +7.38% | US$55.00 |
| Worst day | 5 Nov 2008 | -3.13% | -US$23.90 |
| Widest high-low day | 21 Nov 2008 | 7.93% | US$59.10 |
November 2008 against every November, 2005–2024
Ranked against November in each of the 20 years from 2005 to 2024 (1 = highest): month change 2nd, median daily range 1st, high-low span 1st. Across those years the strongest November was 2009 (+12.86%) and the weakest 2016 (-8.16%).
November inside 2008
The median daily range in November 2008 was 3.642%, which is much wider than the median for all of 2008 (2.464%; ratio 1.48). By median daily range it was the 2nd widest of the 12 months of 2008. The full year is on the gold in 2008 page.
Every trading day of November 2008
| Date | Close | Move | High-low |
|---|---|---|---|
| 3 Nov 2008 | US$722.60 | -0.15% | US$17.30 |
| 4 Nov 2008 | US$762.70 | +5.55% | US$46.10 |
| 5 Nov 2008 | US$738.80 | -3.13% | US$28.50 |
| 6 Nov 2008 | US$731.60 | -0.97% | US$31.00 |
| 7 Nov 2008 | US$735.80 | +0.57% | US$19.30 |
| 10 Nov 2008 | US$744.70 | +1.21% | US$26.80 |
| 11 Nov 2008 | US$731.60 | -1.76% | US$23.30 |
| 12 Nov 2008 | US$710.60 | -2.87% | US$29.80 |
| 13 Nov 2008 | US$736.00 | +3.57% | US$39.40 |
| 14 Nov 2008 | US$741.20 | +0.71% | US$28.70 |
| 17 Nov 2008 | US$736.50 | -0.63% | US$18.50 |
| 18 Nov 2008 | US$737.60 | +0.15% | US$14.60 |
| 19 Nov 2008 | US$735.20 | -0.33% | US$30.10 |
| 20 Nov 2008 | US$745.00 | +1.33% | US$18.00 |
| 21 Nov 2008 | US$800.00 | +7.38% | US$59.10 |
| 24 Nov 2008 | US$821.00 | +2.62% | US$43.40 |
| 25 Nov 2008 | US$820.40 | -0.07% | US$27.40 |
| 26 Nov 2008 | US$810.50 | -1.21% | US$14.40 |
| 27 Nov 2008 | US$816.00 | +0.68% | US$5.70 |
What this month means for an EA
The widest day, 21 Nov 2008, covered US$59.10 from high to low; the median day covered US$27.40. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$59.10 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in November 2008?
Up: the last close was US$816.00 on 27 Nov 2008, +12.75% (US$92.30) against US$723.70 on 31 Oct 2008.
What were gold's high and low in November 2008?
High US$830.50 on 25 Nov 2008, low US$699.70 on 13 Nov 2008, a span of US$130.80.
What was gold's biggest day in November 2008?
21 Nov 2008: +7.38% (US$55.00) close to close.