Gold price in November 2016: daily prices, high, low and change
Gold closed November 2016 at $1,170.80 an ounce, down 7.92% on the month. The highest close was $1,306.80 on 2 Nov and the lowest $1,170.80 on 30 Nov. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, November 2016 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = October 2016 close ($1,271.50).
Daily gold prices in November 2016 (20 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Tue 1 Nov | $1,279.30 | $1,290.70 | $1,279.00 | $1,286.40 | +$14.90 | +1.17% |
| Wed 2 Nov best day | $1,288.30 | $1,307.00 | $1,288.30 | $1,306.80 | +$20.40 | +1.59% |
| Thu 3 Nov | $1,296.40 | $1,303.10 | $1,287.30 | $1,302.10 | −$4.70 | −0.36% |
| Fri 4 Nov | $1,300.00 | $1,303.30 | $1,296.70 | $1,303.30 | +$1.20 | +0.09% |
| Mon 7 Nov | $1,292.00 | $1,294.50 | $1,278.30 | $1,278.30 | −$25.00 | −1.92% |
| Tue 8 Nov | $1,284.10 | $1,289.40 | $1,273.20 | $1,273.40 | −$4.90 | −0.38% |
| Wed 9 Nov | $1,272.20 | $1,318.60 | $1,270.00 | $1,272.60 | −$0.80 | −0.06% |
| Thu 10 Nov | $1,274.40 | $1,287.50 | $1,253.30 | $1,265.50 | −$7.10 | −0.56% |
| Mon 14 Nov worst day | $1,227.80 | $1,229.50 | $1,210.40 | $1,221.20 | −$44.30 | −3.50% |
| Tue 15 Nov | $1,224.30 | $1,226.00 | $1,222.50 | $1,224.00 | +$2.80 | +0.23% |
| Wed 16 Nov | $1,229.30 | $1,229.30 | $1,223.00 | $1,223.40 | −$0.60 | −0.05% |
| Thu 17 Nov | $1,224.60 | $1,225.00 | $1,211.00 | $1,216.50 | −$6.90 | −0.56% |
| Fri 18 Nov | $1,211.90 | $1,211.90 | $1,207.20 | $1,208.50 | −$8.00 | −0.66% |
| Mon 21 Nov | — | — | — | $1,209.60 | +$1.10 | +0.09% |
| Tue 22 Nov | $1,210.40 | $1,211.10 | $1,207.60 | $1,211.00 | +$1.40 | +0.12% |
| Wed 23 Nov | $1,212.80 | $1,213.80 | $1,186.80 | $1,189.10 | −$21.90 | −1.81% |
| Fri 25 Nov | $1,177.00 | $1,189.30 | $1,177.00 | $1,178.20 | −$10.90 | −0.92% |
| Mon 28 Nov | $1,188.00 | $1,190.60 | $1,188.00 | $1,190.60 | +$12.40 | +1.05% |
| Tue 29 Nov | $1,193.20 | $1,194.80 | $1,179.40 | $1,187.90 | −$2.70 | −0.23% |
| Wed 30 Nov | $1,187.10 | $1,193.30 | $1,167.90 | $1,170.80 | −$17.10 | −1.44% |
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 1 day 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
| November 2016 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,286.40 | $1,306.80 | $1,170.80 | $1,170.80 | −7.92% |
| Intraday | $1,279.30 | $1,318.60 9 Nov | $1,167.90 30 Nov | $1,170.80 | — |
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 November 2016: summary
Gold plunged 7.92% in November 2016, from $1,271.50 at the end of October 2016 to $1,170.80 an ounce. Gold closed higher on 7 of 20 trading days and lower on 13; the strongest session was 2 November 2016 (+1.59%) and the weakest 14 November 2016 (−3.50%). Settlement prices ranged from $1,170.80 on 30 November 2016 to $1,306.80 on 2 November 2016, a spread of $136.00 (10.7%), wider than the 5.6% average of the previous 12 months.
That was the biggest monthly fall since June 2013. The −3.50% move on 14 November 2016 was the largest one-day fall of 2016, and the largest since 26 June 2013.
How November 2016 compares
- Against other Novembers: at −7.92%, November 2016 ranks 26th of 26 Novembers since 2000 (best first), the worst since 2000.
- Against every month: it ranks 305th of 313 months since September 2000, better than 3% of them.
- Range: the gap between the highest and lowest close was $136.00, or 10.7% of the opening level, 1.9× the 5.6% average of the previous 12 months.
- Daily moves: the average day moved 0.84% (up or down), against 0.73% over the previous 12 months, so November 2016 was more volatile than usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 5 days.
- Bigger picture: at the month-end close gold was +10.42% for 2016 to the end of November and +9.85% over 12 months (against the November 2015 close of $1,065.80).
- Average price: the mean of the 20 daily closes was $1,235.96; the World Bank's monthly average of the London (LBMA) price was $1,238.00.
Across the other 25 completed Novembers since 2000, gold averaged +1.70% and rose in 15 of them (60%). November 2016 lagged that average by 9.6 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Novembers side by side.
November 2016 in today's dollars
Adjusted for US consumer-price inflation, the $1,170.80 closing price equals about $1,627 in September 2026 dollars (CPI 242.0 in November 2016 against 336.3 in September 2026, FRED series CPIAUCSL), 39% 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 November 2016?
Gold closed November 2016 at $1,170.80 an ounce (COMEX settlement). It opened the month at $1,286.40 and averaged $1,235.96 across 20 trading days; the World Bank’s London average for the month was $1,238.00.
Did gold go up in November 2016?
No. Gold was down 7.92% in November 2016, from $1,271.50 at the end of October 2016 to $1,170.80. It closed higher on 7 of 20 days. Among Novembers since 2000 it ranks 26th of 26 (best first).
What was the highest gold price in November 2016?
The highest close was $1,306.80 on 2 November 2016. The highest intraday price in the daily bars was $1,318.60 on 9 November 2016.
What was the lowest gold price in November 2016?
The lowest close was $1,170.80 on 30 November 2016, $136.00 (10.7%) below the month’s highest close. The lowest intraday price was $1,167.90 on 30 November 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.