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Gold Price in 2008 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2008

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Jan 1

$889

Opening Price

Dec 31

$870

Closing Price

Year High

$1,011

Annual High

Year Low

$713

Annual Low

Annual Avg

$872

Average Price

vs 2007

+4.3%

Annual Change

Monthly Gold Price Chart — 2008

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $743High: $968

Monthly Average Gold Prices — 2008

MonthAvg Price (USD/oz)vs Prev Month
Jan 2008$926+4.2%
Feb 2008$922-0.4%
Mar 2008$968+5.0%
Apr 2008$909-6.1%
May 2008$888-2.3%
Jun 2008$889+0.1%
Jul 2008$939+5.6%
Aug 2008$839-10.6%
Sep 2008$743-11.4%
Oct 2008$806+8.5%
Nov 2008$760-5.7%
Dec 2008$816+7.4%

What Happened to Gold in 2008?

Gold hit $1,011 in March 2008 (then a record) as Bear Stearns collapsed. The Lehman Brothers bankruptcy in September triggered a global financial crisis and gold initially fell sharply to $713 as investors liquidated everything. However, gold recovered strongly into year-end as the Fed launched QE1, closing above $850.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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