Goldify Pro
Live Gold Rates & Tools
On this day — December 30, 2023
Saturday — the international gold market is closed. Most retail jewellery markets, especially in Asia and the Middle East, see peak Saturday foot-traffic and physical trade activity.
Day 364 of 365 · Q4 2023 · 99.7% through the year
December 2023 gold market: Brief record high caps a strong year
BullishA record intraday high capped a 13% year.
Gold spiked to a record intraday high around $2,150 in early December before settling back to close 2023 near $2,060 — up roughly 13% on the year. Mounting expectations of 2024 Fed rate cuts and record central-bank buying underpinned the strength.
What drove gold in December 2023
- 2024 rate-cut expectations building
- record central-bank gold demand
- softening dollar and yields
- momentum into year-end
Key events in December 2023
- Dec 4Gold prints a record intraday high near $2,150
What happened next
The record attempt set the stage for 2024's decisive breakout above the old ceiling.
For gold buyers
2023 closed up about 13% with a record intraday high — the springboard for 2024's historic breakout.
Related months to read