Investezo › Gold months › 2016 › August
Gold (XAUUSD) in August 2016: high, low and the biggest days
Gold ended August 2016 down 3.13% at US$1,308.81. It traded between US$1,304.16 on 31 Aug 2016 and US$1,367.21 on 2 Aug 2016, and its biggest day was -1.77% on 5 Aug 2016. Its median daily range was calmer than gold's median for all of 2016.
Key numbers
| Trading days counted | 23 |
| First open (1 Aug 2016) | US$1,350.61 |
| Last close (31 Aug 2016) | US$1,308.81 |
| Close before the month (29 Jul 2016) | US$1,351.11 |
| Month change | -3.13% · -US$42.30 |
| Month high (2 Aug 2016) | US$1,367.21 |
| Month low (31 Aug 2016) | US$1,304.16 |
| High to low span (US$ · % of the close before the month) | US$63.05 · 4.67% |
| Median daily move (either way) | 0.207% |
| Median daily range | 1.109% · US$15.00 |
| Median daily range for all of 2016 | 1.267% |
| Days moving 1%+ / 2%+ | 2 / 0 |
| Up days / down days | 11 / 12 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 2 Aug 2016 | +0.81% | US$10.94 |
| Worst day | 5 Aug 2016 | -1.77% | -US$24.09 |
| Widest high-low day | 5 Aug 2016 | 2.2% | US$29.98 |
August 2016 against every August, 2005–2024
Ranked against August in each of the 20 years from 2005 to 2024 (1 = highest): month change 19th, median daily range 10th, high-low span 17th. Across those years the strongest August was 2011 (+12.19%) and the weakest 2008 (-9.04%).
August inside 2016
The median daily range in August 2016 was 1.109%, which is calmer than the median for all of 2016 (1.267%; ratio 0.88). By median daily range it was the 10th widest of the 12 months of 2016. The full year is on the gold in 2016 page.
Weekend gaps in August 2016
4 weekend gaps started on a Friday in this month. The largest came after Friday 5 Aug 2016: -0.3% (-US$3.98). None reached 0.5%.
Every trading day of August 2016
| Date | Close | Move | High-low |
|---|---|---|---|
| 1 Aug 2016 | US$1,352.73 | +0.12% | US$8.60 |
| 2 Aug 2016 | US$1,363.67 | +0.81% | US$20.20 |
| 3 Aug 2016 | US$1,358.15 | -0.4% | US$12.26 |
| 4 Aug 2016 | US$1,360.96 | +0.21% | US$15.88 |
| 5 Aug 2016 | US$1,336.87 | -1.77% | US$29.98 |
| 8 Aug 2016 | US$1,334.97 | -0.14% | US$8.43 |
| 9 Aug 2016 | US$1,340.45 | +0.41% | US$12.09 |
| 10 Aug 2016 | US$1,346.00 | +0.41% | US$17.24 |
| 11 Aug 2016 | US$1,338.46 | -0.56% | US$17.54 |
| 12 Aug 2016 | US$1,336.58 | -0.14% | US$23.19 |
| 15 Aug 2016 | US$1,339.20 | +0.2% | US$8.03 |
| 16 Aug 2016 | US$1,346.37 | +0.54% | US$18.70 |
| 17 Aug 2016 | US$1,348.44 | +0.15% | US$16.00 |
| 18 Aug 2016 | US$1,352.17 | +0.28% | US$9.97 |
| 19 Aug 2016 | US$1,340.92 | -0.83% | US$15.00 |
| 22 Aug 2016 | US$1,338.63 | -0.17% | US$8.29 |
| 23 Aug 2016 | US$1,338.06 | -0.04% | US$9.39 |
| 24 Aug 2016 | US$1,323.90 | -1.06% | US$16.34 |
| 25 Aug 2016 | US$1,321.46 | -0.18% | US$9.05 |
| 26 Aug 2016 | US$1,321.85 | +0.03% | US$23.83 |
| 29 Aug 2016 | US$1,323.25 | +0.11% | US$10.12 |
| 30 Aug 2016 | US$1,310.36 | -0.97% | US$16.16 |
| 31 Aug 2016 | US$1,308.81 | -0.12% | US$11.83 |
What this month means for an EA
The widest day, 5 Aug 2016, covered US$29.98 from high to low; the median day covered US$15.00. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$29.98 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in August 2016?
Down: the last close was US$1,308.81 on 31 Aug 2016, -3.13% (-US$42.30) against US$1,351.11 on 29 Jul 2016.
What were gold's high and low in August 2016?
High US$1,367.21 on 2 Aug 2016, low US$1,304.16 on 31 Aug 2016, a span of US$63.05.
What was gold's biggest day in August 2016?
5 Aug 2016: -1.77% (-US$24.09) close to close.