See exactly where a gold price stands relative to a reference high. The result distinguishes an absolute price gap from the percentage distance below or above the high.
The first metric describes position relative to the high. The second measures the future gain required from the current price.
When the reference high is an actual portfolio peak, the calculation can describe drawdown. When it is simply an historical record or selected comparison price, it is better understood as distance from a reference level.
Make sure the high and current price use the same unit, purity basis and quotation convention. Comparing a retail jewellery rate with an international spot quote can produce an economically misleading distance.
Yes. The tool reports that the current value is above the reference rather than forcing a negative interpretation.
Because recovery is measured from the smaller current-price base.
No. Both inputs are provided by you.