Goldify Pro
Live Gold Rates & Tools
On this day — December 6, 2022
Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.
Day 340 of 365 · Q4 2022 · 93.2% through the year
December 2022 gold market: Year ends with a quiet recovery
BullishA resilient flat year despite brutal rate hikes.
Gold firmed into year-end near $1,825, recovering most of its mid-year losses to finish 2022 roughly flat in dollar terms — a resilient result given the most aggressive Fed tightening in four decades. Record central-bank buying underpinned the recovery.
What drove gold in December 2022
- record central-bank gold purchases
- softening dollar
- Fed downshift to +50bp
- China reopening optimism
Key events in December 2022
- Dec 14Fed slows to a 50bp hike; gold holds firm
What happened next
Record official-sector buying set the stage for gold's run to new records in 2024.
For gold buyers
Finishing 2022 near flat despite brutal rate hikes was a quiet show of strength — and central banks, the year's biggest buyers, clearly agreed.
Dec 6 across the years — 2020 → 2021
| Year | Dec 6 close | vs prior | |
|---|---|---|---|
| Dec 6, 2021 | $1,778.70 | -4.81% | View |
| Dec 6, 2020 | $1,868.58 | — | View |