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 →
Gold Price, daily closes 2004
Numbers mark the events belowKey Events in 2004
What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.
- 1
Monday, March 8European central banks sign a second Central Bank Gold Agreement. SourceGold: +0.2% that day · +4.6% a month later
- 2
Friday, June 18 From the dataBiggest one-day rise of the year: +2.3%.
- 3
Thursday, November 18streetTRACKS Gold Shares (GLD), a gold-backed ETF, begins trading on the NYSE. SourceGold: −0.3% that day · −0.9% a month later
- 4
Wednesday, December 8 From the dataBiggest one-day fall of the year: −3.3%.
Biggest days of 2004
| Best days | Worst days | ||
|---|---|---|---|
| Jun 18 | +2.3% | Dec 8 | −3.3% |
| Aug 6 | +2.1% | Apr 13 | −2.9% |
| 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: 14.3% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $399.75 | −4.0% |
| Feb | $395.85 | −1.0% |
| Mar | $423.70 | +7.0% |
| Apr | $388.50 | −8.3% |
| May | $393.25 | +1.2% |
| Jun | $395.80 | +0.6% |
| Jul | $391.40 | −1.1% |
| Aug | $407.25 | +4.0% |
| Sep | $415.65 | +2.1% |
| Oct | $425.55 | +2.4% |
| Nov | $453.40 | +6.5% |
| Dec | $435.60 | −3.9% |
Other Markets in 2004
Change over the calendar year.
| Market | Change | Year-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 pp | 4.24% |
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 140 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.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2004, author = {{Corgano}}, title = {Gold Price in 2004}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2004}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}