February’s gold price rally was previewed by dramatic declines, but ultimately resulted in triumphant resiliency, as the gold spot price began the month at just above $1080 per troy-ounce levels, and leapfroged to $1115 prices by only the third day of February. Elation over the rising spot price was short-lived however, as it plummeted below $1060 levels by February 5th.
The gold price rally of February began in earnest the following day, as gold clawed its’ way back to low $1060 levels within a few more trading days, and reached $1070 levels by February 9th. By February 12th, the gold spot price was back above $1080 levels, and continued to steadily climb until February 17th, when it reached $1120 per troy-ounce.
The 17th proved to be the culmination of the February price rally, as the spot price declined slightly at first to sub $1115 levels, and dropping as low as near $1095 levels by February 25th. The spot price regained $1110 levels by February 26th, but the rally in the gold spot price was over for the month.
Presently, the month of March has begun its’ own gold rally, as today’s spot price reached $1146.20 this morning, and was hovering at $1144.10 per troy-ounce, as of 12:35 EST. Rising gold prices historically mean that a much darker economic climate looms ominously on the horizon, so wise household investors are converting their portfolios into gold bullion, and certified rare gold coin holdings, to preserve their wealth until economic conditions are once again livable.
Those who would like to understand more about the current gold price rally are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion, and certified rare gold coin to household investors like you.
Ronald Stevens
