Gold price in August 2018: daily prices, high, low and change
Gold closed August 2018 at $1,200.30 an ounce, down 1.91% on the month. The highest close was $1,217.90 on 1 Aug and the lowest $1,176.20 on 16 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2018 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2018 close ($1,223.70).
Daily gold prices in August 2018 (23 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Wed 1 Aug | $1,222.90 | $1,223.70 | $1,214.40 | $1,217.90 | −$5.80 | −0.47% |
| Thu 2 Aug | $1,214.70 | $1,219.30 | $1,205.80 | $1,210.60 | −$7.30 | −0.60% |
| Fri 3 Aug | $1,206.50 | $1,218.60 | $1,205.10 | $1,214.20 | +$3.60 | +0.30% |
| Mon 6 Aug | $1,214.40 | $1,214.40 | $1,206.60 | $1,208.60 | −$5.60 | −0.46% |
| Tue 7 Aug | $1,207.80 | $1,214.80 | $1,207.80 | $1,209.60 | +$1.00 | +0.08% |
| Wed 8 Aug | $1,212.00 | $1,215.20 | $1,205.90 | $1,212.60 | +$3.00 | +0.25% |
| Thu 9 Aug | $1,214.50 | $1,215.30 | $1,211.60 | $1,211.90 | −$0.70 | −0.06% |
| Fri 10 Aug | $1,212.50 | $1,216.40 | $1,205.60 | $1,211.10 | −$0.80 | −0.07% |
| Mon 13 Aug worst day | $1,207.00 | $1,207.40 | $1,191.30 | $1,191.30 | −$19.80 | −1.63% |
| Tue 14 Aug | $1,193.10 | $1,197.50 | $1,192.80 | $1,193.00 | +$1.70 | +0.14% |
| Wed 15 Aug | $1,187.80 | $1,188.10 | $1,174.60 | $1,177.50 | −$15.50 | −1.30% |
| Thu 16 Aug | $1,173.20 | $1,180.20 | $1,161.40 | $1,176.20 | −$1.30 | −0.11% |
| Fri 17 Aug | $1,174.70 | $1,181.20 | $1,174.70 | $1,176.50 | +$0.30 | +0.03% |
| Mon 20 Aug | $1,184.80 | $1,190.00 | $1,184.40 | $1,186.80 | +$10.30 | +0.88% |
| Tue 21 Aug | $1,189.80 | $1,192.60 | $1,189.80 | $1,192.60 | +$5.80 | +0.49% |
| Wed 22 Aug | $1,194.70 | $1,196.30 | $1,194.70 | $1,196.30 | +$3.70 | +0.31% |
| Thu 23 Aug | $1,189.30 | $1,190.30 | $1,184.90 | $1,187.00 | −$9.30 | −0.78% |
| Fri 24 Aug best day | $1,185.30 | $1,208.00 | $1,185.30 | $1,206.30 | +$19.30 | +1.63% |
| Mon 27 Aug | $1,210.30 | $1,211.40 | $1,205.20 | $1,209.00 | +$2.70 | +0.22% |
| Tue 28 Aug | $1,209.70 | $1,217.00 | $1,202.30 | $1,207.40 | −$1.60 | −0.13% |
| Wed 29 Aug | $1,205.20 | $1,205.20 | $1,202.40 | $1,204.50 | −$2.90 | −0.24% |
| Thu 30 Aug | $1,205.40 | $1,205.60 | $1,196.00 | $1,197.70 | −$6.80 | −0.56% |
| Fri 31 Aug | $1,207.10 | $1,208.20 | $1,199.10 | $1,200.30 | +$2.60 | +0.22% |
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 2018 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,217.90 | $1,217.90 | $1,176.20 | $1,200.30 | −1.91% |
| Intraday | $1,222.90 | $1,223.70 1 Aug | $1,161.40 16 Aug | $1,200.30 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2018 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 2018: summary
Gold slipped 1.91% in August 2018, settling the month at $1,200.30 an ounce against $1,223.70 at the end of July 2018. Settlement prices ranged from $1,176.20 on 16 August 2018 to $1,217.90 on 1 August 2018, a spread of $41.70 (3.4%), narrower than the 3.7% average of the previous 12 months. Gold closed higher on 11 of 23 trading days and lower on 12; the strongest session was 24 August 2018 (+1.63%) and the weakest 13 August 2018 (−1.63%).
The $1,176.20 close on 16 August 2018 was the lowest since 6 January 2017. It was gold's 5th monthly loss in a row.
How August 2018 compares
- Against other Augusts: at −1.91%, August 2018 ranks 23rd of 26 Augusts since 2001 (best first).
- Against every month: it ranks 233rd of 313 months since September 2000, better than 26% of them.
- Range: the gap between the highest and lowest close was $41.70, or 3.4% of the opening level, 0.9× the 3.7% average of the previous 12 months.
- Daily moves: the average day moved 0.48% (up or down), against 0.50% over the previous 12 months, so August 2018 was about as volatile as usual.
- Streaks: the longest run of higher closes was 4 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was −8.11% for 2018 to the end of August and −8.81% over 12 months (against the August 2017 close of $1,316.20).
- Average price: the mean of the 23 daily closes was $1,199.95; the World Bank's monthly average of the London (LBMA) price was $1,202.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.68% and rose in 19 of them (76%). August 2018 lagged that average by 4.6 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 2018 in today's dollars
Adjusted for US consumer-price inflation, the $1,200.30 closing price equals about $1,604 in September 2026 dollars (CPI 251.7 in August 2018 against 336.3 in September 2026, FRED series CPIAUCSL), 34% 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 2018
The gold price in 2018 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 2018?
Gold closed August 2018 at $1,200.30 an ounce (COMEX settlement). It opened the month at $1,217.90 and averaged $1,199.95 across 23 trading days; the World Bank’s London average for the month was $1,202.00.
Did gold go up in August 2018?
No. Gold was down 1.91% in August 2018, from $1,223.70 at the end of July 2018 to $1,200.30. It closed higher on 11 of 23 days. Among Augusts since 2001 it ranks 23rd of 26 (best first).
What was the highest gold price in August 2018?
The highest close was $1,217.90 on 1 August 2018. The highest intraday price in the daily bars was $1,223.70 on 1 August 2018.
What was the lowest gold price in August 2018?
The lowest close was $1,176.20 on 16 August 2018, $41.70 (3.4%) below the month’s highest close. The lowest intraday price was $1,161.40 on 16 August 2018.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.