Gold price in February 2004: daily prices, high, low and change
Gold closed February 2004 at $396.40 an ounce, down 1.44% on the month. The highest close was $416.00 on 17 Feb and the lowest $395.80 on 25 Feb. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, February 2004 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = January 2004 close ($402.20).
Daily gold prices in February 2004 (19 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 2 Feb | $403.00 | $403.30 | $394.00 | $398.70 | −$3.50 | −0.87% |
| Tue 3 Feb | $398.50 | $403.00 | $398.50 | $399.20 | +$0.50 | +0.13% |
| Wed 4 Feb | $399.80 | $401.30 | $398.50 | $401.00 | +$1.80 | +0.45% |
| Thu 5 Feb | $399.40 | $400.30 | $397.50 | $398.10 | −$2.90 | −0.72% |
| Fri 6 Feb | $397.00 | $407.00 | $397.00 | $403.60 | +$5.50 | +1.38% |
| Mon 9 Feb | $403.80 | $407.50 | $403.80 | $406.80 | +$3.20 | +0.79% |
| Tue 10 Feb | — | — | — | $406.40 | −$0.40 | −0.10% |
| Wed 11 Feb | $407.80 | $412.00 | $406.00 | $410.20 | +$3.80 | +0.94% |
| Thu 12 Feb | — | — | — | $413.70 | +$3.50 | +0.85% |
| Fri 13 Feb | $412.70 | $416.00 | $408.00 | $410.30 | −$3.40 | −0.82% |
| Tue 17 Feb best day | — | — | — | $416.00 | +$5.70 | +1.39% |
| Wed 18 Feb | $414.80 | $415.30 | $412.00 | $412.30 | −$3.70 | −0.89% |
| Thu 19 Feb | $411.00 | $411.30 | $409.00 | $409.80 | −$2.50 | −0.61% |
| Fri 20 Feb worst day | $409.00 | $409.00 | $395.00 | $397.50 | −$12.30 | −3.00% |
| Mon 23 Feb | $399.00 | $400.20 | $399.00 | $399.00 | +$1.50 | +0.38% |
| Tue 24 Feb | — | — | — | $404.50 | +$5.50 | +1.38% |
| Wed 25 Feb | $404.80 | $404.80 | $395.00 | $395.80 | −$8.70 | −2.15% |
| Thu 26 Feb | — | — | — | $395.80 | $0.00 | 0.00% |
| Fri 27 Feb | — | — | — | $396.40 | +$0.60 | +0.15% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close. Open, high and low are shown as — on 6 days where the source has no usable intraday data (common before 2012, when the front-month contract traded thinly in the data feed).
Monthly open, high, low and close
| February 2004 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $398.70 | $416.00 | $395.80 | $396.40 | −1.44% |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2004 page and the monthly returns heatmap). Intraday highs and lows are not shown because the source lacks usable intraday data for part of this month.
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 2004: summary
Gold edged lower 1.44% in February 2004, from $402.20 at the end of January 2004 to $396.40 an ounce. Gold closed higher on 10 of 19 trading days and lower on 8; the strongest session was 17 February 2004 (+1.39%) and the weakest 20 February 2004 (−3.00%). Settlement prices ranged from $395.80 on 25 February 2004 to $416.00 on 17 February 2004, a spread of $20.20 (5.0%), narrower than the 6.6% average of the previous 12 months.
How February 2004 compares
- Against other Februaries: at −1.44%, February 2004 ranks 18th of 26 Februaries since 2001 (best first).
- Against every month: it ranks 217th of 313 months since September 2000, better than 31% of them.
- Range: the gap between the highest and lowest close was $20.20, or 5.0% of the opening level, 0.8× the 6.6% average of the previous 12 months.
- Daily moves: the average day moved 0.89% (up or down), against 0.86% over the previous 12 months, so February 2004 was about as volatile as usual.
- Streaks: the longest run of higher closes was 2 days and the longest run of lower closes 3 days.
- Bigger picture: at the month-end close gold was −4.64% for 2004 to the end of February and +13.19% over 12 months (against the February 2003 close of $350.20).
- Average price: the mean of the 19 daily closes was $403.95; the World Bank's monthly average of the London (LBMA) price was $405.00.
Across the other 25 completed Februaries since 2001, gold averaged +1.34% and rose in 15 of them (60%). February 2004 lagged that average by 2.8 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 2004 in today's dollars
Adjusted for US consumer-price inflation, the $396.40 closing price equals about $714 in September 2026 dollars (CPI 186.7 in February 2004 against 336.3 in September 2026, FRED series CPIAUCSL), 80% 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 2004
The gold price in 2004 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 2004?
Gold closed February 2004 at $396.40 an ounce (COMEX settlement). It opened the month at $398.70 and averaged $403.95 across 19 trading days; the World Bank’s London average for the month was $405.00.
Did gold go up in February 2004?
No. Gold was down 1.44% in February 2004, from $402.20 at the end of January 2004 to $396.40. It closed higher on 10 of 19 days. Among Februaries since 2001 it ranks 18th of 26 (best first).
What was the highest gold price in February 2004?
The highest close was $416.00 on 17 February 2004.
What was the lowest gold price in February 2004?
The lowest close was $395.80 on 25 February 2004, $20.20 (5.0%) below the month’s highest close.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.