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Gold Price in 2020 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2020

← 201920202021 →

Jan 1

$1,519

Opening Price

Dec 31

$1,887

Closing Price

Year High

$2,075

Annual High

Year Low

$1,477

Annual Low

Annual Avg

$1,770

Average Price

vs 2019

+25.1%

Annual Change

Monthly Gold Price Chart — 2020

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $1,561High: $1,969

Monthly Average Gold Prices — 2020

MonthAvg Price (USD/oz)vs Prev Month
Jan 2020$1,561+2.8%
Feb 2020$1,583+1.4%
Mar 2020$1,591+0.5%
Apr 2020$1,683+5.8%
May 2020$1,728+2.7%
Jun 2020$1,731+0.2%
Jul 2020$1,800+4.0%
Aug 2020$1,969+9.4%
Sep 2020$1,927-2.1%
Oct 2020$1,904-1.2%
Nov 2020$1,876-1.5%
Dec 2020$1,882+0.3%

What Happened to Gold in 2020?

COVID-19 drove gold to its then all-time high of $2,075 in August 2020 — breaking the 2011 record after nearly a decade. Central banks cut rates to zero globally, launched multi-trillion dollar stimulus programs, and debt levels exploded. Gold initially sold off in March as investors raised cash, then surged on unprecedented monetary expansion.

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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