Investezo › Gold months › 2023 › May
Gold (XAUUSD) in May 2023: high, low and the biggest days
Gold ended May 2023 down 1.35% at US$1,962.60. It traded between US$1,932.05 on 30 May 2023 and US$2,066.81 on 4 May 2023, and its biggest day was +1.72% on 2 May 2023. Its median daily range was wider than gold's median for all of 2023.
Key numbers
| Trading days counted | 23 |
| First open (1 May 2023) | US$1,989.54 |
| Last close (31 May 2023) | US$1,962.60 |
| Close before the month (28 Apr 2023) | US$1,989.55 |
| Month change | -1.35% · -US$26.95 |
| Month high (4 May 2023) | US$2,066.81 |
| Month low (30 May 2023) | US$1,932.05 |
| High to low span (US$ · % of the close before the month) | US$134.76 · 6.77% |
| Median daily move (either way) | 0.571% |
| Median daily range | 1.325% · US$26.63 |
| Median daily range for all of 2023 | 1.077% |
| Days moving 1%+ / 2%+ | 6 / 0 |
| Up days / down days | 11 / 12 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 2 May 2023 | +1.72% | US$34.09 |
| Worst day | 5 May 2023 | -1.64% | -US$33.61 |
| Widest high-low day | 5 May 2023 | 2.61% | US$53.49 |
May 2023 against every May, 2005–2024
Ranked against May in each of the 20 years from 2005 to 2024 (1 = highest): month change 11th, median daily range 11th, high-low span 11th. Across those years the strongest May was 2009 (+10.42%) and the weakest 2012 (-6.22%).
May inside 2023
The median daily range in May 2023 was 1.325%, which is wider than the median for all of 2023 (1.077%; ratio 1.23). By median daily range it was the 4th widest of the 12 months of 2023. The full year is on the gold in 2023 page.
Weekend gaps in May 2023
4 weekend gaps started on a Friday in this month. The largest came after Friday 26 May 2023: -0.2% (-US$3.88). None reached 0.5%.
Every trading day of May 2023
| Date | Close | Move | High-low |
|---|---|---|---|
| 1 May 2023 | US$1,982.44 | -0.36% | US$28.91 |
| 2 May 2023 | US$2,016.53 | +1.72% | US$40.92 |
| 3 May 2023 | US$2,038.52 | +1.09% | US$32.59 |
| 4 May 2023 | US$2,050.15 | +0.57% | US$36.43 |
| 5 May 2023 | US$2,016.54 | -1.64% | US$53.49 |
| 8 May 2023 | US$2,021.36 | +0.24% | US$15.35 |
| 9 May 2023 | US$2,034.42 | +0.65% | US$18.11 |
| 10 May 2023 | US$2,030.10 | -0.21% | US$26.63 |
| 11 May 2023 | US$2,014.95 | -0.75% | US$30.25 |
| 12 May 2023 | US$2,010.91 | -0.2% | US$21.70 |
| 15 May 2023 | US$2,016.32 | +0.27% | US$14.93 |
| 16 May 2023 | US$1,988.81 | -1.36% | US$33.13 |
| 17 May 2023 | US$1,981.41 | -0.37% | US$18.06 |
| 18 May 2023 | US$1,957.39 | -1.21% | US$34.03 |
| 19 May 2023 | US$1,977.50 | +1.03% | US$30.16 |
| 22 May 2023 | US$1,971.73 | -0.29% | US$13.72 |
| 23 May 2023 | US$1,974.88 | +0.16% | US$23.54 |
| 24 May 2023 | US$1,957.24 | -0.89% | US$28.58 |
| 25 May 2023 | US$1,940.69 | -0.85% | US$25.93 |
| 26 May 2023 | US$1,946.72 | +0.31% | US$20.54 |
| 29 May 2023 | US$1,943.15 | -0.18% | US$9.49 |
| 30 May 2023 | US$1,959.17 | +0.82% | US$31.50 |
| 31 May 2023 | US$1,962.60 | +0.18% | US$21.11 |
What this month means for an EA
The widest day, 5 May 2023, covered US$53.49 from high to low; the median day covered US$26.63. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$53.49 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in May 2023?
Down: the last close was US$1,962.60 on 31 May 2023, -1.35% (-US$26.95) against US$1,989.55 on 28 Apr 2023.
What were gold's high and low in May 2023?
High US$2,066.81 on 4 May 2023, low US$1,932.05 on 30 May 2023, a span of US$134.76.
What was gold's biggest day in May 2023?
2 May 2023: +1.72% (US$34.09) close to close.