Gold price in August 2016: daily prices, high, low and change
Gold closed August 2016 at $1,306.90 an ounce, down 3.12% on the month. The highest close was $1,364.40 on 2 Aug and the lowest $1,306.90 on 31 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2016 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2016 close ($1,349.00).
Daily gold prices in August 2016 (23 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 1 Aug | $1,348.80 | $1,353.50 | $1,345.60 | $1,351.40 | +$2.40 | +0.18% |
| Tue 2 Aug best day | $1,352.10 | $1,366.00 | $1,346.60 | $1,364.40 | +$13.00 | +0.96% |
| Wed 3 Aug | $1,362.40 | $1,364.70 | $1,353.30 | $1,356.10 | −$8.30 | −0.61% |
| Thu 4 Aug | $1,354.40 | $1,361.60 | $1,347.00 | $1,358.80 | +$2.70 | +0.20% |
| Fri 5 Aug worst day | $1,357.60 | $1,360.80 | $1,333.70 | $1,336.40 | −$22.40 | −1.65% |
| Mon 8 Aug | $1,330.00 | $1,335.40 | $1,327.80 | $1,333.40 | −$3.00 | −0.22% |
| Tue 9 Aug | $1,331.80 | $1,339.40 | $1,328.50 | $1,339.00 | +$5.60 | +0.42% |
| Wed 10 Aug | $1,344.80 | $1,354.20 | $1,344.30 | $1,344.30 | +$5.30 | +0.40% |
| Thu 11 Aug | $1,341.60 | $1,350.40 | $1,334.80 | $1,342.50 | −$1.80 | −0.13% |
| Fri 12 Aug | $1,336.80 | $1,351.80 | $1,333.20 | $1,335.80 | −$6.70 | −0.50% |
| Mon 15 Aug | $1,336.50 | $1,340.60 | $1,333.60 | $1,340.30 | +$4.50 | +0.34% |
| Tue 16 Aug | $1,342.20 | $1,355.00 | $1,341.00 | $1,350.50 | +$10.20 | +0.76% |
| Wed 17 Aug | $1,345.50 | $1,347.30 | $1,338.60 | $1,342.70 | −$7.80 | −0.58% |
| Thu 18 Aug | $1,351.30 | $1,354.40 | $1,348.20 | $1,351.20 | +$8.50 | +0.63% |
| Fri 19 Aug | $1,350.10 | $1,350.10 | $1,338.60 | $1,340.40 | −$10.80 | −0.80% |
| Mon 22 Aug | $1,334.40 | $1,337.70 | $1,333.30 | $1,337.70 | −$2.70 | −0.20% |
| Tue 23 Aug | $1,337.00 | $1,341.20 | $1,334.30 | $1,340.60 | +$2.90 | +0.22% |
| Wed 24 Aug | $1,337.20 | $1,337.20 | $1,322.90 | $1,324.40 | −$16.20 | −1.21% |
| Thu 25 Aug | $1,321.40 | $1,324.00 | $1,317.00 | $1,320.10 | −$4.30 | −0.32% |
| Fri 26 Aug | $1,323.80 | $1,340.50 | $1,320.10 | $1,321.50 | +$1.40 | +0.11% |
| Mon 29 Aug | $1,315.00 | $1,323.00 | $1,315.00 | $1,322.90 | +$1.40 | +0.11% |
| Tue 30 Aug | $1,322.00 | $1,322.10 | $1,308.00 | $1,311.70 | −$11.20 | −0.85% |
| Wed 31 Aug | $1,310.30 | $1,313.70 | $1,306.30 | $1,306.90 | −$4.80 | −0.37% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| August 2016 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,351.40 | $1,364.40 | $1,306.90 | $1,306.90 | −3.12% |
| Intraday | $1,348.80 | $1,366.00 2 Aug | $1,306.30 31 Aug | $1,306.90 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2016 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
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 August 2016: summary
Gold fell 3.12% in August 2016, finishing at $1,306.90 an ounce against $1,349.00 at the end of July 2016. Settlement prices ranged from $1,306.90 on 31 August 2016 to $1,364.40 on 2 August 2016, a spread of $57.50 (4.3%), narrower than the 6.0% average of the previous 12 months. Gold closed higher on 11 of 23 trading days and lower on 12; the strongest session was 2 August 2016 (+0.96%) and the weakest 5 August 2016 (−1.65%).
On the monthly change, August 2016 was the 2nd-worst August of the 26 since 2001.
How August 2016 compares
- Against other Augusts: at −3.12%, August 2016 ranks 25th of 26 Augusts since 2001 (best first).
- Against every month: it ranks 256th of 313 months since September 2000, better than 18% of them.
- Range: the gap between the highest and lowest close was $57.50, or 4.3% of the opening level, 0.7× the 6.0% average of the previous 12 months.
- Daily moves: the average day moved 0.51% (up or down), against 0.77% over the previous 12 months, so August 2016 was calmer than usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 2 days.
- Bigger picture: at the month-end close gold was +23.26% for 2016 to the end of August and +15.49% over 12 months (against the August 2015 close of $1,131.60).
- Average price: the mean of the 23 daily closes was $1,337.96; the World Bank's monthly average of the London (LBMA) price was $1,340.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.73% and rose in 19 of them (76%). August 2016 lagged that average by 5.9 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Augusts side by side.
August 2016 in today's dollars
Adjusted for US consumer-price inflation, the $1,306.90 closing price equals about $1,827 in September 2026 dollars (CPI 240.5 in August 2016 against 336.3 in September 2026, FRED series CPIAUCSL), 40% 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 2016
The gold price in 2016 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 August 2016?
Gold closed August 2016 at $1,306.90 an ounce (COMEX settlement). It opened the month at $1,351.40 and averaged $1,337.96 across 23 trading days; the World Bank’s London average for the month was $1,340.00.
Did gold go up in August 2016?
No. Gold was down 3.12% in August 2016, from $1,349.00 at the end of July 2016 to $1,306.90. It closed higher on 11 of 23 days. Among Augusts since 2001 it ranks 25th of 26 (best first).
What was the highest gold price in August 2016?
The highest close was $1,364.40 on 2 August 2016. The highest intraday price in the daily bars was $1,366.00 on 2 August 2016.
What was the lowest gold price in August 2016?
The lowest close was $1,306.90 on 31 August 2016, $57.50 (4.3%) below the month’s highest close. The lowest intraday price was $1,306.30 on 31 August 2016.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.