Investezo › Gold months › 2016 › October
Gold (XAUUSD) in October 2016: high, low and the biggest days
Gold ended October 2016 down 2.97% at US$1,276.87. It traded between US$1,241.30 on 7 Oct 2016 and US$1,319.52 on 3 Oct 2016, and its biggest day was -3.3% on 4 Oct 2016. Its median daily range was much calmer than gold's median for all of 2016.
Key numbers
| Trading days counted | 21 |
| First open (3 Oct 2016) | US$1,317.19 |
| Last close (31 Oct 2016) | US$1,276.87 |
| Close before the month (30 Sep 2016) | US$1,315.89 |
| Month change | -2.97% · -US$39.02 |
| Month high (3 Oct 2016) | US$1,319.52 |
| Month low (7 Oct 2016) | US$1,241.30 |
| High to low span (US$ · % of the close before the month) | US$78.22 · 5.94% |
| Median daily move (either way) | 0.316% |
| Median daily range | 0.892% · US$11.24 |
| Median daily range for all of 2016 | 1.267% |
| Days moving 1%+ / 2%+ | 1 / 1 |
| Up days / down days | 12 / 9 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 25 Oct 2016 | +0.77% | US$9.71 |
| Worst day | 4 Oct 2016 | -3.3% | -US$43.28 |
| Widest high-low day | 4 Oct 2016 | 3.51% | US$46.05 |
October 2016 against every October, 2005–2024
Ranked against October in each of the 20 years from 2005 to 2024 (1 = highest): month change 18th, median daily range 19th, high-low span 13th. Across those years the strongest October was 2023 (+7.31%) and the weakest 2008 (-16.9%).
October inside 2016
The median daily range in October 2016 was 0.892%, which is much calmer than the median for all of 2016 (1.267%; ratio 0.70). By median daily range it was the 12th widest of the 12 months of 2016. The full year is on the gold in 2016 page.
Weekend gaps in October 2016
4 weekend gaps started on a Friday in this month. The largest came after Friday 28 Oct 2016: +0.12% (US$1.50). None reached 0.5%.
Every trading day of October 2016
| Date | Close | Move | High-low |
|---|---|---|---|
| 3 Oct 2016 | US$1,311.73 | -0.32% | US$10.24 |
| 4 Oct 2016 | US$1,268.45 | -3.3% | US$46.05 |
| 5 Oct 2016 | US$1,266.69 | -0.14% | US$15.00 |
| 6 Oct 2016 | US$1,254.39 | -0.97% | US$19.57 |
| 7 Oct 2016 | US$1,256.54 | +0.17% | US$23.98 |
| 10 Oct 2016 | US$1,259.47 | +0.23% | US$8.30 |
| 11 Oct 2016 | US$1,252.59 | -0.55% | US$11.24 |
| 12 Oct 2016 | US$1,255.24 | +0.21% | US$9.13 |
| 13 Oct 2016 | US$1,257.68 | +0.19% | US$9.20 |
| 14 Oct 2016 | US$1,250.43 | -0.58% | US$13.30 |
| 17 Oct 2016 | US$1,254.92 | +0.36% | US$7.08 |
| 18 Oct 2016 | US$1,262.52 | +0.61% | US$9.69 |
| 19 Oct 2016 | US$1,269.58 | +0.56% | US$13.06 |
| 20 Oct 2016 | US$1,265.66 | -0.31% | US$9.85 |
| 21 Oct 2016 | US$1,266.79 | +0.09% | US$6.90 |
| 24 Oct 2016 | US$1,264.16 | -0.21% | US$11.53 |
| 25 Oct 2016 | US$1,273.87 | +0.77% | US$14.50 |
| 26 Oct 2016 | US$1,266.48 | -0.58% | US$11.80 |
| 27 Oct 2016 | US$1,268.52 | +0.16% | US$7.70 |
| 28 Oct 2016 | US$1,275.71 | +0.57% | US$22.19 |
| 31 Oct 2016 | US$1,276.87 | +0.09% | US$8.30 |
What this month means for an EA
The widest day, 4 Oct 2016, covered US$46.05 from high to low; the median day covered US$11.24. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$46.05 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in October 2016?
Down: the last close was US$1,276.87 on 31 Oct 2016, -2.97% (-US$39.02) against US$1,315.89 on 30 Sep 2016.
What were gold's high and low in October 2016?
High US$1,319.52 on 3 Oct 2016, low US$1,241.30 on 7 Oct 2016, a span of US$78.22.
What was gold's biggest day in October 2016?
4 Oct 2016: -3.3% (-US$43.28) close to close.