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Gold Price in 2004

The gold price rose 4.6% in 2004, from $416.25 at the end of 2003 to $435.60. Its highest close was $454.20 on Dec 2, and its lowest $375.00 on May 10. The biggest one-day fall was −3.3% on Dec 8 and the biggest rise +2.3% on Jun 18. Adjusted for inflation, it gained 1.3%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2004 →

Change in 2004
+4.6%
$416.25 → $435.60
High
$454.20
Dec 2
Low
$375.00
May 10
After inflation
+1.3%
US CPI
Up days
138 of 257
longest run 6 up, 7 down
Below record
-48.8%
at the end of 2004

Gold Price, daily closes 2004

Numbers mark the events below
$382$415$447JanFebMarAprMayJunJulAugSepOctNovDec1Mar 8: European central banks sign a second Central Bank Gold Agreement.2Jun 18: Biggest one-day rise of the year: +2.3%.3Nov 18: streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE.4Dec 8: Biggest one-day fall of the year: −3.3%.

Key Events in 2004

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

  1. 1
    Monday, March 8
    European central banks sign a second Central Bank Gold Agreement. Source
    Gold: +0.2% that day · +4.6% a month later
  2. 2
    Friday, June 18 From the data
    Biggest one-day rise of the year: +2.3%.
  3. 3
    Thursday, November 18
    streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. Source
    Gold: −0.3% that day · −0.9% a month later
  4. 4
    Wednesday, December 8 From the data
    Biggest one-day fall of the year: −3.3%.

Biggest days of 2004

Best daysWorst days
Jun 18+2.3%Dec 8−3.3%
Aug 6+2.1%Apr 13−2.8%
Mar 18+2.0%Apr 14−2.5%
May 12+1.9%Jun 29−2.4%
Mar 5+1.8%Apr 2−1.9%

Volatility: 14.2% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$399.75−4.0%$425.50$399.75
Feb$395.85−1.0%$416.00$393.25
Mar$423.70+7.0%$423.70$390.50
Apr$388.50−8.3%$427.25$386.00
May$393.25+1.2%$393.60$375.00
Jun$395.80+0.6%$404.25$384.85
Jul$391.40−1.1%$406.50$387.30
Aug$407.25+4.0%$410.60$390.85
Sep$415.65+2.1%$415.65$396.30
Oct$425.55+2.4%$429.15$411.25
Nov$453.40+6.5%$453.40$423.50
Dec$435.60−3.9%$454.20$434.00

Other Markets in 2004

Change over the calendar year.

MarketChangeYear-end
Gold Price+4.6%$435.60
Dow Jones Industrial Average in 2004+3.1%10,783.01
S&P 500 in 2004+9.0%1,211.92
Nasdaq Composite in 2004+8.6%2,175.44
Russell 2000 in 2004+17.0%651.57
Nikkei 225 in 2004+7.6%11,488.76
Silver in 2004+14.2%$6.82
WTI crude oil in 2004+33.4%$43.36
Brent crude oil in 2004+33.3%$40.38
US 10-year Treasury yield in 2004−0.03 pp4.24%
2000200120022003200420052006200720082009

Gold Price in 2004: FAQ

How much did the gold price rise in 2004?

The gold price rose 4.6% in 2004, from $416.25 at the end of 2003 to $435.60. Its highest close was $454.20 on Dec 2, and its lowest $375.00 on May 10. The biggest one-day fall was −3.3% on Dec 8 and the biggest rise +2.3% on Jun 18. Adjusted for inflation, it gained 1.3%.

What were the highest and lowest closes of the gold price in 2004?

Highest: $454.20 on December 2, 2004. Lowest: $375.00 on May 10, 2004. It closed higher on 138 of 257 trading days.

What happened to the gold price on November 18, 2004?

streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. The gold price fell 0.3% that day, and was −0.9% 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.