Gold price in May 2004: daily prices, high, low and change
Gold closed May 2004 at $394.00 an ounce, up 1.81% on the month. The highest close was $394.90 on 27 May and the lowest $374.80 on 13 May. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, May 2004 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = April 2004 close ($387.00).
Daily gold prices in May 2004 (20 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Mon 3 May | — | — | — | $387.00 | $0.00 | 0.00% |
| Tue 4 May | — | — | — | $391.40 | +$4.40 | +1.14% |
| Wed 5 May | — | — | — | $393.40 | +$2.00 | +0.51% |
| Thu 6 May | — | — | — | $388.00 | −$5.40 | −1.37% |
| Fri 7 May worst day | — | — | — | $378.70 | −$9.30 | −2.40% |
| Mon 10 May | — | — | — | $378.30 | −$0.40 | −0.11% |
| Tue 11 May | — | — | — | $376.90 | −$1.40 | −0.37% |
| Wed 12 May | — | — | — | $377.40 | +$0.50 | +0.13% |
| Thu 13 May | — | — | — | $374.80 | −$2.60 | −0.69% |
| Fri 14 May | — | — | — | $377.00 | +$2.20 | +0.59% |
| Mon 17 May | — | — | — | $379.50 | +$2.50 | +0.66% |
| Tue 18 May | — | — | — | $375.80 | −$3.70 | −0.97% |
| Wed 19 May best day | — | — | — | $382.90 | +$7.10 | +1.89% |
| Thu 20 May | — | — | — | $378.40 | −$4.50 | −1.18% |
| Fri 21 May | — | — | — | $384.80 | +$6.40 | +1.69% |
| Mon 24 May | — | — | — | $385.60 | +$0.80 | +0.21% |
| Tue 25 May | — | — | — | $388.30 | +$2.70 | +0.70% |
| Wed 26 May | — | — | — | $388.30 | $0.00 | 0.00% |
| Thu 27 May | $388.20 | $395.90 | $388.10 | $394.90 | +$6.60 | +1.70% |
| Fri 28 May | $395.30 | $396.30 | $392.60 | $394.00 | −$0.90 | −0.23% |
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 18 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
| May 2004 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $387.00 | $394.90 | $374.80 | $394.00 | +1.81% |
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 May 2004: summary
Gold nudged up 1.81% in May 2004, settling the month at $394.00 an ounce against $387.00 at the end of April 2004. Settlement prices ranged from $374.80 on 13 May 2004 to $394.90 on 27 May 2004, a spread of $20.10 (5.2%), narrower than the 6.6% average of the previous 12 months. Gold closed higher on 10 of 20 trading days and lower on 8; the strongest session was 19 May 2004 (+1.89%) and the weakest 7 May 2004 (−2.40%).
How May 2004 compares
- Against other Mays: at +1.81%, May 2004 ranks 8th of 26 Mays since 2001 (best first).
- Against every month: it ranks 135th of 313 months since September 2000, better than 57% of them.
- Range: the gap between the highest and lowest close was $20.10, or 5.2% of the opening level, 0.8× the 6.6% average of the previous 12 months.
- Daily moves: the average day moved 0.83% (up or down), against 0.85% over the previous 12 months, so May 2004 was about as volatile as usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 4 days.
- Bigger picture: at the month-end close gold was −5.22% for 2004 to the end of May and +8.09% over 12 months (against the May 2003 close of $364.50).
- Average price: the mean of the 20 daily closes was $383.77; the World Bank's monthly average of the London (LBMA) price was $384.00.
Across the other 25 completed Mays since 2001, gold averaged +0.21% and rose in 12 of them (48%). May 2004 beat that average by 1.6 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Mays side by side.
May 2004 in today's dollars
Adjusted for US consumer-price inflation, the $394.00 closing price equals about $704 in September 2026 dollars (CPI 188.2 in May 2004 against 336.3 in September 2026, FRED series CPIAUCSL), 79% 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 May 2004?
Gold closed May 2004 at $394.00 an ounce (COMEX settlement). It opened the month at $387.00 and averaged $383.77 across 20 trading days; the World Bank’s London average for the month was $384.00.
Did gold go up in May 2004?
Yes. Gold was up 1.81% in May 2004, from $387.00 at the end of April 2004 to $394.00. It closed higher on 10 of 20 days. Among Mays since 2001 it ranks 8th of 26 (best first).
What was the highest gold price in May 2004?
The highest close was $394.90 on 27 May 2004.
What was the lowest gold price in May 2004?
The lowest close was $374.80 on 13 May 2004, $20.10 (5.2%) 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.