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Gold Price in 2002 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2002

← 200120022003 →

Jan 1

$277

Opening Price

Dec 31

$347

Closing Price

Year High

$349

Annual High

Year Low

$278

Annual Low

Annual Avg

$310

Average Price

vs 2001

+25.2%

Annual Change

Monthly Gold Price Chart — 2002

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $282High: $332

Monthly Average Gold Prices — 2002

MonthAvg Price (USD/oz)vs Prev Month
Jan 2002$282+1.8%
Feb 2002$295+4.6%
Mar 2002$294-0.3%
Apr 2002$302+2.7%
May 2002$314+4.0%
Jun 2002$315+0.3%
Jul 2002$311-1.3%
Aug 2002$310-0.3%
Sep 2002$319+2.9%
Oct 2002$316-0.9%
Nov 2002$319+0.9%
Dec 2002$332+4.1%

What Happened to Gold in 2002?

Gold broke out decisively in 2002 as the dollar weakened significantly and equity markets fell for the third consecutive year. Post-9/11 geopolitical uncertainty, the impending Iraq War, and the Enron/WorldCom corporate scandals eroded confidence in financial assets and the USD, driving strong safe-haven demand.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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