Gold price in January 2008: daily prices, high, low and change
Gold closed January 2008 at $922.70 an ounce, up 10.52% on the month. The highest close was $927.10 on 28 Jan and the lowest $857.00 on 2 Jan. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, January 2008 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = December 2007 close ($834.90); larger dots = new all-time-high closes.
Daily gold prices in January 2008 (21 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Wed 2 Jan ATH, best day | $848.70 | $857.80 | $846.40 | $857.00 | +$22.10 | +2.65% |
| Thu 3 Jan ATH | — | — | — | $866.40 | +$9.40 | +1.10% |
| Fri 4 Jan | $861.40 | $865.50 | $860.20 | $863.10 | −$3.30 | −0.38% |
| Mon 7 Jan | $860.90 | $860.90 | $857.40 | $859.60 | −$3.50 | −0.41% |
| Tue 8 Jan ATH | $861.60 | $879.40 | $861.60 | $878.00 | +$18.40 | +2.14% |
| Wed 9 Jan ATH | $885.00 | $885.00 | $876.00 | $879.50 | +$1.50 | +0.17% |
| Thu 10 Jan ATH | — | — | — | $891.70 | +$12.20 | +1.39% |
| Fri 11 Jan ATH | $889.80 | $899.70 | $889.70 | $896.10 | +$4.40 | +0.49% |
| Mon 14 Jan ATH | — | — | — | $901.60 | +$5.50 | +0.61% |
| Tue 15 Jan | — | — | — | $901.00 | −$0.60 | −0.07% |
| Wed 16 Jan worst day | $880.50 | $885.80 | $880.50 | $880.60 | −$20.40 | −2.26% |
| Thu 17 Jan | $888.20 | $888.20 | $876.80 | $879.50 | −$1.10 | −0.12% |
| Fri 18 Jan | $871.80 | $886.80 | $871.00 | $880.80 | +$1.30 | +0.15% |
| Tue 22 Jan | $878.70 | $891.00 | $863.20 | $889.60 | +$8.80 | +1.00% |
| Wed 23 Jan | $885.00 | $895.70 | $880.00 | $882.50 | −$7.10 | −0.80% |
| Thu 24 Jan ATH | $890.90 | $906.60 | $890.90 | $905.50 | +$23.00 | +2.61% |
| Fri 25 Jan ATH | — | — | — | $910.50 | +$5.00 | +0.55% |
| Mon 28 Jan ATH | — | — | — | $927.10 | +$16.60 | +1.82% |
| Tue 29 Jan | — | — | — | $925.10 | −$2.00 | −0.22% |
| Wed 30 Jan | $924.40 | $936.30 | $915.30 | $920.60 | −$4.50 | −0.49% |
| Thu 31 Jan | $928.20 | $928.60 | $918.30 | $922.70 | +$2.10 | +0.23% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 7 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| January 2008 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $857.00 | $927.10 | $857.00 | $922.70 | +10.52% |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2008 page and the monthly returns heatmap). Intraday highs and lows are not shown because the source lacks usable intraday data for part of this month.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in January 2008: summary
Gold surged 10.52% in January 2008, settling the month at $922.70 an ounce against $834.90 at the end of December 2007. Gold closed higher on 13 of 21 trading days and lower on 8; the strongest session was 2 January 2008 (+2.65%) and the weakest 16 January 2008 (−2.26%). Settlement prices ranged from $857.00 on 2 January 2008 to $927.10 on 28 January 2008, a spread of $70.10 (8.4%), wider than the 6.1% average of the previous 12 months.
Gold set 10 new all-time-high closes in January 2008, the highest at $927.10 on 28 January 2008, the first close above the January 1980 record of $850. That was the biggest monthly gain since April 2006. It was the month gold first closed above $900 (on 14 January 2008).
How January 2008 compares
- Against other Januaries: at +10.52%, January 2008 ranks 2nd of 26 Januaries since 2001 (best first).
- Against every month: it ranks 8th of 313 months since September 2000, better than 98% of them.
- Range: the gap between the highest and lowest close was $70.10, or 8.4% of the opening level, 1.4× the 6.1% average of the previous 12 months.
- Daily moves: the average day moved 0.94% (up or down), against 0.78% over the previous 12 months, so January 2008 was more volatile than usual.
- Streaks: the longest run of higher closes was 5 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was +41.52% over 12 months (against the January 2007 close of $652.00).
- Average price: the mean of the 21 daily closes was $891.36; the World Bank's monthly average of the London (LBMA) price was $890.00.
Across the other 25 completed Januaries since 2001, gold averaged +2.65% and rose in 16 of them (64%). January 2008 beat that average by 7.9 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Januaries side by side.
January 2008 in today's dollars
Adjusted for US consumer-price inflation, the $922.70 closing price equals about $1,462 in September 2026 dollars (CPI 212.2 in January 2008 against 336.3 in September 2026, FRED series CPIAUCSL), 59% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2008
The gold price in 2008 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in January 2008?
Gold closed January 2008 at $922.70 an ounce (COMEX settlement). It opened the month at $857.00 and averaged $891.36 across 21 trading days; the World Bank’s London average for the month was $890.00.
Did gold go up in January 2008?
Yes. Gold was up 10.52% in January 2008, from $834.90 at the end of December 2007 to $922.70. It closed higher on 13 of 21 days. Among Januaries since 2001 it ranks 2nd of 26 (best first).
What was the highest gold price in January 2008?
The highest close was $927.10 on 28 January 2008. It was a new all-time-high close.
What was the lowest gold price in January 2008?
The lowest close was $857.00 on 2 January 2008, $70.10 (8.4%) below the month’s highest close.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.