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Gold Price in 2002

The gold price rose 25.6% in 2002, from $276.50 at the end of 2001 to $347.20. Its highest close was $349.30 on Dec 27, and its lowest $277.75 on Jan 4. The biggest one-day fall was −2.6% on Jul 24 and the biggest rise +2.6% on Feb 6. Adjusted for inflation, it gained 22.7%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2002 →

Change in 2002
+25.6%
$276.50 → $347.20
High
$349.30
Dec 27
Low
$277.75
Jan 4
After inflation
+22.7%
US CPI
Up days
133 of 256
longest run 7 up, 6 down
Below record
-59.2%
at the end of 2002

Gold Price, daily closes 2002

Numbers mark the events below
$284$314$343JanFebMarAprMayJunJulAugSepOctNovDec2Feb 6: Biggest one-day rise of the year: +2.6%.3May 29: Back above its pre-bear-market peak of $325.50 (October 5, 1999).4Jul 15: The euro reaches parity with the US dollar.5Jul 24: Biggest one-day fall of the year: −2.6%.

Key Events in 2002

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

  1. 1
    Tuesday, January 1
    Euro banknotes and coins enter circulation. Source
    Gold: +0.7% next trading day (Jan 2) · +1.8% a month later
  2. 2
    Wednesday, February 6 From the data
    Biggest one-day rise of the year: +2.6%.
  3. 3
    Wednesday, May 29 From the data
    Back above its pre-bear-market peak of $325.50 (October 5, 1999).
  4. 4
    Monday, July 15
    The euro reaches parity with the US dollar. Source
    Gold: +0.7% that day · 0.0% a month later
  5. 5
    Wednesday, July 24 From the data
    Biggest one-day fall of the year: −2.6%.

Biggest days of 2002

Best daysWorst days
Feb 6+2.6%Jul 24−2.6%
May 29+2.1%Feb 11−2.2%
Aug 7+2.1%Jul 1−2.0%
Dec 19+2.1%Jun 11−1.8%
Jan 10+2.0%Feb 20−1.8%

Volatility: 12.9% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$282.30+2.1%$286.85$277.75
Feb$296.85+5.2%$304.30$283.90
Mar$301.40+1.5%$301.40$289.15
Apr$308.20+2.3%$309.70$297.75
May$326.60+6.0%$327.05$307.60
Jun$318.50−2.5%$326.60$316.80
Jul$304.65−4.3%$322.90$303.00
Aug$312.80+2.7%$316.70$302.25
Sep$323.70+3.5%$326.30$312.00
Oct$316.90−2.1%$322.20$310.75
Nov$319.05+0.7%$324.00$317.30
Dec$347.20+8.8%$349.30$316.45

Other Markets in 2002

Change over the calendar year.

MarketChangeYear-end
Gold Price+25.6%$347.20
Dow Jones Industrial Average in 2002−16.8%8,341.63
S&P 500 in 2002−23.4%879.82
Nasdaq Composite in 2002−31.5%1,335.51
Russell 2000 in 2002−21.6%383.09
Nikkei 225 in 2002−18.6%8,578.95
Silver in 2002+3.3%$4.67
WTI crude oil in 2002+56.4%$31.21
Brent crude oil in 2002+55.7%$30.12
US 10-year Treasury yield in 2002−1.24 pp3.83%
2000200120022003200420052006200720082009

Gold Price in 2002: FAQ

How much did the gold price rise in 2002?

The gold price rose 25.6% in 2002, from $276.50 at the end of 2001 to $347.20. Its highest close was $349.30 on Dec 27, and its lowest $277.75 on Jan 4. The biggest one-day fall was −2.6% on Jul 24 and the biggest rise +2.6% on Feb 6. Adjusted for inflation, it gained 22.7%.

What were the highest and lowest closes of the gold price in 2002?

Highest: $349.30 on December 27, 2002. Lowest: $277.75 on January 4, 2002. It closed higher on 133 of 256 trading days.

What happened to the gold price on July 15, 2002?

The euro reaches parity with the US dollar. The gold price rose 0.7% that day, and was 0.0% a month later.

Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.