Investezo › Gold months › 2023 › August
Gold (XAUUSD) in August 2023: high, low and the biggest days
Gold ended August 2023 down 1.3% at US$1,940.06. It traded between US$1,884.81 on 21 Aug 2023 and US$1,965.98 on 1 Aug 2023, and its biggest day was -1.09% on 1 Aug 2023. Its median daily range was much calmer than gold's median for all of 2023.
Key numbers
| Trading days counted | 23 |
| First open (1 Aug 2023) | US$1,965.68 |
| Last close (31 Aug 2023) | US$1,940.06 |
| Close before the month (31 Jul 2023) | US$1,965.52 |
| Month change | -1.3% · -US$25.46 |
| Month high (1 Aug 2023) | US$1,965.98 |
| Month low (21 Aug 2023) | US$1,884.81 |
| High to low span (US$ · % of the close before the month) | US$81.17 · 4.13% |
| Median daily move (either way) | 0.292% |
| Median daily range | 0.802% · US$15.33 |
| Median daily range for all of 2023 | 1.077% |
| Days moving 1%+ / 2%+ | 1 / 0 |
| Up days / down days | 10 / 13 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 23 Aug 2023 | +0.95% | US$18.00 |
| Worst day | 1 Aug 2023 | -1.09% | -US$21.33 |
| Widest high-low day | 1 Aug 2023 | 1.26% | US$24.72 |
August 2023 against every August, 2005–2024
Ranked against August in each of the 20 years from 2005 to 2024 (1 = highest): month change 15th, median daily range 20th, high-low span 19th. Across those years the strongest August was 2011 (+12.19%) and the weakest 2008 (-9.04%).
August inside 2023
The median daily range in August 2023 was 0.802%, which is much calmer than the median for all of 2023 (1.077%; ratio 0.74). By median daily range it was the 11th widest of the 12 months of 2023. The full year is on the gold in 2023 page.
Weekend gaps in August 2023
4 weekend gaps started on a Friday in this month. The largest came after Friday 25 Aug 2023: +0.03% (US$0.65). None reached 0.5%.
Every trading day of August 2023
| Date | Close | Move | High-low |
|---|---|---|---|
| 1 Aug 2023 | US$1,944.19 | -1.09% | US$24.72 |
| 2 Aug 2023 | US$1,934.87 | -0.48% | US$21.90 |
| 3 Aug 2023 | US$1,933.98 | -0.05% | US$9.37 |
| 4 Aug 2023 | US$1,942.65 | +0.45% | US$21.42 |
| 7 Aug 2023 | US$1,936.52 | -0.32% | US$15.19 |
| 8 Aug 2023 | US$1,925.22 | -0.58% | US$15.33 |
| 9 Aug 2023 | US$1,914.70 | -0.55% | US$18.36 |
| 10 Aug 2023 | US$1,912.33 | -0.12% | US$18.04 |
| 11 Aug 2023 | US$1,913.62 | +0.07% | US$10.18 |
| 14 Aug 2023 | US$1,907.42 | -0.32% | US$13.55 |
| 15 Aug 2023 | US$1,901.85 | -0.29% | US$15.30 |
| 16 Aug 2023 | US$1,891.92 | -0.52% | US$15.37 |
| 17 Aug 2023 | US$1,889.33 | -0.14% | US$18.45 |
| 18 Aug 2023 | US$1,889.37 | +0% | US$10.15 |
| 21 Aug 2023 | US$1,894.67 | +0.28% | US$13.97 |
| 22 Aug 2023 | US$1,897.38 | +0.14% | US$15.42 |
| 23 Aug 2023 | US$1,915.38 | +0.95% | US$23.20 |
| 24 Aug 2023 | US$1,916.69 | +0.07% | US$11.63 |
| 25 Aug 2023 | US$1,914.21 | -0.13% | US$18.67 |
| 28 Aug 2023 | US$1,920.06 | +0.31% | US$13.30 |
| 29 Aug 2023 | US$1,937.32 | +0.9% | US$23.76 |
| 30 Aug 2023 | US$1,942.42 | +0.26% | US$14.12 |
| 31 Aug 2023 | US$1,940.06 | -0.12% | US$8.90 |
What this month means for an EA
The widest day, 1 Aug 2023, covered US$24.72 from high to low; the median day covered US$15.33. An EA that holds trades against the move carries that distance as open loss until price comes back. You can enter US$24.72 in the grid calculator to see the open loss for your own lot and spacing.
Questions
Did gold go up or down in August 2023?
Down: the last close was US$1,940.06 on 31 Aug 2023, -1.3% (-US$25.46) against US$1,965.52 on 31 Jul 2023.
What were gold's high and low in August 2023?
High US$1,965.98 on 1 Aug 2023, low US$1,884.81 on 21 Aug 2023, a span of US$81.17.
What was gold's biggest day in August 2023?
1 Aug 2023: -1.09% (-US$21.33) close to close.