Gold averaged $1,769.59 an ounce in 2020, rising 24.6% over the year. The COVID-19 pandemic, near-zero interest rates and massive stimulus pushed gold to a record above $2,000 an ounce in August 2020.
| Month | Average | High | Low |
|---|---|---|---|
| January | $1,560.67 | $1,584.20 | $1,527.10 |
| February | $1,597.10 | $1,671.65 | $1,553.30 |
| March | $1,591.93 | $1,683.65 | $1,474.25 |
| April | $1,682.93 | $1,741.90 | $1,576.55 |
| May | $1,716.38 | $1,748.30 | $1,686.25 |
| June | $1,732.22 | $1,771.60 | $1,683.45 |
| July | $1,843.31 | $1,964.90 | $1,771.05 |
| August | $1,968.56 | $2,067.15 | $1,911.15 |
| September | $1,922.21 | $1,972.35 | $1,859.70 |
| October | $1,900.27 | $1,925.50 | $1,869.95 |
| November | $1,863.49 | $1,940.80 | $1,762.55 |
| December | $1,855.96 | $1,890.75 | $1,810.75 |
Gold averaged $1,769.59 per troy ounce in 2020. It opened the year at $1,527.10 and closed at $1,887.60.
Gold's highest daily price in 2020 was $2,067.15 on August 6; its lowest was $1,474.25 on March 19.
Adjusted for US consumer price inflation, 2020's average gold price of $1,769.59 equals about $2,284 in today's dollars.
At 2020's average price, $1,000 bought about 0.57 ounces of gold, worth $2,370 at today's price of $4,194.40.