Gold Price - February 2025
(Prices per ounce)
Start: | US $2,794 |
Close: | US $2,858 |
Highest: | US $2,955 (Feb-24) |
Lowest: | US $2,794 (Feb-2) |
FEBRUARY 2025 GOLD SPOT PRICE (US DOLLARS PER OUNCE)
Highlights
February was a growth and consolidation month for Gold. The month started at US $2,794 / oz (February 2nd), its lowest price during the period. By February 3rd, It had broken the US $2,800 / oz mark and by February 10th, it was already surpassing the US $2,900 / oz mark. From that point on, gold set a series of monthly maximums, reaching its peak and an all-time-high record at US $ 2,955 / oz on February 24th.
As a consequence of the expectation of a potential peace agreement between Ukraine and Russia as a result of the U.S. diplomatic efforts, the price of gold eased towards the end of the month, losing almost US $100 / oz from its February 24th maximum, and closing the month at US $2,858 / oz.
The balance of the month was a +3.6% increase in price, equivalent to a monthly gain of +US $64 / oz. As of the end of February, gold's accrued price performance was:
1-Month: | + 3.6% |
6-Months: | + 14.2% |
Year to Date: | + 8.9% |
1-Year: | + 39.8% |
5 Years: | + 80.2% |
In the News
In "America's appetite for gold is 'sucking' bullion out of other countries", published on CNBC, Lee Ying Shan explains how the threat of tariffs on gold has led to a massive influx of gold into New York vaults, from their otherwise usual storing locations in London.
The Financial Times' "Trump trade goes down, gold goes up" article, by Robert Armstrong, explains gold's role as a safe haven and asymmetric investment, well suited to counteract the financial markets' volatility caused by Donald Trump's trade war measures implemented against some of its trading partners around the world
In Bloomberg's "Wall Street talk of revaluing U.S. gold isn’t persuading White House" article, featured on Financial Post, Jack Ryan, Yvonne Yue Li, and Saleha Mohsin analyze the pros and cons against the recently rumoured idea of the U.S. revaluing its gold holdings and the potential effect of such decision on the gold price.
Quote of the Month
"In the absence of the gold standard, there is no way to protect savings
from confiscation through inflation. There is no safe store of value.”
Alan Greenspan
American economist. Chairman of the U.S. Federal Reserve 1987 - 2006
Protect your Savings
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