Gold price in February 2002: daily prices, high, low and change
Gold closed February 2002 at $296.70 an ounce, up 5.18% on the month. The highest close was $303.50 on 8 Feb and the lowest $286.00 on 1 Feb. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, February 2002 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = January 2002 close ($282.10).
Daily gold prices in February 2002 (19 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Fri 1 Feb | $282.30 | $287.50 | $282.20 | $286.00 | +$3.90 | +1.38% |
| Mon 4 Feb | $286.00 | $290.00 | $285.40 | $289.30 | +$3.30 | +1.15% |
| Tue 5 Feb best day | $290.00 | $298.20 | $290.00 | $298.20 | +$8.90 | +3.08% |
| Wed 6 Feb | $297.30 | $308.00 | $296.20 | $297.50 | −$0.70 | −0.23% |
| Thu 7 Feb | $297.20 | $301.50 | $296.20 | $299.70 | +$2.20 | +0.74% |
| Fri 8 Feb | $304.50 | $307.40 | $302.80 | $303.50 | +$3.80 | +1.27% |
| Mon 11 Feb | $303.50 | $303.50 | $297.50 | $300.10 | −$3.40 | −1.12% |
| Tue 12 Feb | $299.00 | $300.70 | $297.00 | $300.70 | +$0.60 | +0.20% |
| Wed 13 Feb | $300.50 | $300.70 | $296.70 | $299.40 | −$1.30 | −0.43% |
| Thu 14 Feb | $300.00 | $300.50 | $299.40 | $299.70 | +$0.30 | +0.10% |
| Fri 15 Feb | $300.50 | $301.60 | $298.40 | $298.40 | −$1.30 | −0.43% |
| Tue 19 Feb worst day | $297.00 | $297.30 | $293.20 | $293.20 | −$5.20 | −1.74% |
| Wed 20 Feb | $294.10 | $294.20 | $290.80 | $292.30 | −$0.90 | −0.31% |
| Thu 21 Feb | $291.80 | $293.40 | $291.80 | $293.20 | +$0.90 | +0.31% |
| Fri 22 Feb | $293.20 | $293.20 | $292.50 | $293.20 | $0.00 | 0.00% |
| Mon 25 Feb | $292.70 | $293.00 | $291.50 | $292.70 | −$0.50 | −0.17% |
| Tue 26 Feb | $294.00 | $298.00 | $293.20 | $298.00 | +$5.30 | +1.81% |
| Wed 27 Feb | $295.30 | $296.30 | $295.30 | $296.30 | −$1.70 | −0.57% |
| Thu 28 Feb | $296.00 | $296.70 | $296.00 | $296.70 | +$0.40 | +0.13% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| February 2002 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $286.00 | $303.50 | $286.00 | $296.70 | +5.18% |
| Intraday | $282.30 | $308.00 6 Feb | $282.20 1 Feb | $296.70 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2002 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in February 2002: summary
Gold climbed 5.18% in February 2002, finishing at $296.70 an ounce against $282.10 at the end of January 2002. Settlement prices ranged from $286.00 on 1 February 2002 to $303.50 on 8 February 2002, a spread of $17.50 (6.2%), wider than the 4.7% average of the previous 12 months. Gold closed higher on 10 of 19 trading days and lower on 8; the strongest session was 5 February 2002 (+3.08%) and the weakest 19 February 2002 (−1.74%).
It was gold's 3rd monthly gain in a row. The +3.08% move on 5 February 2002 was the largest one-day gain of 2002.
How February 2002 compares
- Against other Februaries: at +5.18%, February 2002 ranks 7th of 26 Februaries since 2001 (best first).
- Against every month: it ranks 63rd of 313 months since September 2000, better than 80% of them.
- Range: the gap between the highest and lowest close was $17.50, or 6.2% of the opening level, 1.3× the 4.7% average of the previous 12 months.
- Daily moves: the average day moved 0.80% (up or down), against 0.64% over the previous 12 months, so February 2002 was more volatile than usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was +6.46% for 2002 to the end of February and +11.21% over 12 months (against the February 2001 close of $266.80).
- Average price: the mean of the 19 daily closes was $296.22; the World Bank's monthly average of the London (LBMA) price was $296.00.
Across the other 25 completed Februaries since 2001, gold averaged +1.07% and rose in 14 of them (56%). February 2002 beat that average by 4.1 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Februaries side by side.
February 2002 in today's dollars
Adjusted for US consumer-price inflation, the $296.70 closing price equals about $561 in September 2026 dollars (CPI 178.0 in February 2002 against 336.3 in September 2026, FRED series CPIAUCSL), 89% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2002
The gold price in 2002 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in February 2002?
Gold closed February 2002 at $296.70 an ounce (COMEX settlement). It opened the month at $286.00 and averaged $296.22 across 19 trading days; the World Bank’s London average for the month was $296.00.
Did gold go up in February 2002?
Yes. Gold was up 5.18% in February 2002, from $282.10 at the end of January 2002 to $296.70. It closed higher on 10 of 19 days. Among Februaries since 2001 it ranks 7th of 26 (best first).
What was the highest gold price in February 2002?
The highest close was $303.50 on 8 February 2002. The highest intraday price in the daily bars was $308.00 on 6 February 2002.
What was the lowest gold price in February 2002?
The lowest close was $286.00 on 1 February 2002, $17.50 (6.2%) below the month’s highest close. The lowest intraday price was $282.20 on 1 February 2002.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.