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Gold (XAUUSD) in 2023: daily moves, range and the biggest days
2023 was one of the 5 calmest years for gold between 2005 and 2024. Gold closed the year up 13.07% at US$2,062.67. Its median daily range was 1.077%, about US$20.74, and it moved 2% or more on 6 of 257 days.
Key numbers
| Trading days counted | 257 |
| Year change (last close vs last close of 2022) | +13.07% |
| Last close of the year (29 Dec 2023) | US$2,062.67 |
| Median daily move (close to close, either way) | 0.466% |
| Median daily range (high to low) | 1.077% · US$20.74 |
| Days with a move of 1% or more | 50 |
| Days with a move of 2% or more | 6 |
| Days with a move of 3% or more | 2 |
| Days with a move of 5% or more | 0 |
| Up days / down days | 127 / 130 |
The biggest days
| Date | Move | US$ | |
|---|---|---|---|
| Best day | 17 Mar 2023 | +3.59% | US$68.83 |
| Worst day | 3 Feb 2023 | -2.45% | -US$46.79 |
| Widest high-low range | 4 Dec 2023 | 6.02% | US$124.64 |
How 2023 compares with 2005–2024
| 2023 | Median of 20 years | Rank (1 = highest) | |
|---|---|---|---|
| Median daily range % | 1.077% | 1.25% | 16th of 20 |
| Days with 2%+ moves | 6 | 11.5 | 16th of 20 |
| Largest one-day move | 3.59% | 4% | 12th of 20 |
| Median daily range in US$ | US$20.74 | – | 8th of 20 |
Weekend gaps in 2023
Gold had 49 weekend gaps in this data in 2023. The median gap was 0.036% either way. 3 gaps were 0.5% or more and 1 were 1% or more; 20 opened higher and 29 lower. The largest came after Friday 10 Mar 2023: +1.02% (US$19.01).
What these numbers mean for an EA
A 2% move at the 2023 year-end price of US$2,062.67 is about US$41.25. In 2023 gold moved that much or more on 6 days out of 257. A grid or martingale EA that adds trades against the move carries the full move as open loss until price comes back, so the days in the table above are the days its floating drawdown was tested. You can enter a move of this size in the grid calculator to see the open loss for your own lot and spacing, or check a live record against daily and max loss limits with the Prop Firm Rule Check.
Questions
How much did gold move on a normal day in 2023?
The median close-to-close move was 0.466% and the median high-low range was 1.077% (US$20.74).
What was gold's biggest day in 2023?
The best day was 17 Mar 2023 (+3.59%) and the worst day was 3 Feb 2023 (-2.45%).
Did gold go up or down in 2023?
Up: the last close of 2023 was US$2,062.67, +13.07% against the last close of 2022.