Gold averaged $871.78 an ounce in 2008, rising 4.3% over the year. During the global financial crisis gold first broke $1,000 an ounce in March, fell in the autumn selloff, then recovered as the Fed cut rates to near zero.
| Month | Average | High | Low |
|---|---|---|---|
| January | $887.23 | $924.50 | $833.75 |
| February | $922.30 | $971.50 | $887.50 |
| March | $963.38 | $1,000.00 | $925.75 |
| April | $909.70 | $946.00 | $871.00 |
| May | $888.83 | $927.50 | $853.00 |
| June | $889.49 | $930.25 | $862.25 |
| July | $939.77 | $986.00 | $897.50 |
| August | $838.31 | $912.50 | $786.50 |
| September | $829.93 | $905.00 | $740.75 |
| October | $806.62 | $903.50 | $712.50 |
| November | $760.86 | $822.50 | $713.50 |
| December | $822.00 | $880.25 | $749.00 |
Gold averaged $871.78 per troy ounce in 2008. It opened the year at $833.75 and closed at $869.75.
Gold's highest daily price in 2008 was $1,000.00 on March 14; its lowest was $712.50 on October 24.
Adjusted for US consumer price inflation, 2008's average gold price of $871.78 equals about $1,353 in today's dollars.
At 2008's average price, $1,000 bought about 1.15 ounces of gold, worth $4,811 at today's price of $4,194.40.