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Gold ranged between $387.00 and $451.30 per troy ounce during 2004, averaging $413.01 across 10 trading days. It finished the period at $437.50, up 5.24% from $415.70.
Metal value only, before dealer margins and fabrication.
The strongest session of 2004 was 1 September 2004 at +7.08%, and the weakest 1 April 2004 at -9.43%.
Twelve months earlier gold traded around $415.70, making this a +5.24% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2004 | $402.20 | −$13.50 |
| 1 March 2004 | $427.30 | +$25.10 |
| 1 April 2004 | $387.00 | −$40.30 |
| 1 May 2004 | $394.00 | +$7.000 |
| 1 June 2004 | $392.60 | −$1.400 |
| 1 July 2004 | $391.00 | −$1.600 |
| 1 September 2004 | $418.70 | +$27.70 |
| 1 October 2004 | $428.50 | +$9.800 |
| 1 November 2004 | $451.30 | +$22.80 |
| 1 December 2004 | $437.50 | −$13.80 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2004 at $437.50 per troy ounce, having risen $21.80 (5.24%) over the year. It has traded between $387.00 and $451.30 across 10 trading days.
The average gold closing price in 2004 was $413.01 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2004 at $451.30 per troy ounce on 1 November 2004.
The lowest gold close in 2004 was $387.00 per troy ounce on 1 April 2004.
Gold rose during 2004. It entered the year at $415.70 and closed at $437.50, a change of 5.24%.
Gold closed higher on 5 sessions and lower on 5 during 2004. The strongest session was 1 September 2004 (+7.08%) and the weakest 1 April 2004 (-9.43%).
Daily closes in 2004 varied with a standard deviation of 5.07% per session, and the peak-to-trough spread across the year was 16.6% ($387.00 to $451.30).
At the 2004 close of $437.50 per troy ounce, gold worked out at about $14.07 per gram and $14,065.95 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 61.6 through 2004 and finished the year near 64.3. A higher ratio means silver is cheap relative to gold.
Gold was around $415.70 per troy ounce twelve months before the end of 2004. Closing at $437.50 makes that a gain of 5.2% year on year.