Comex gold for February delivery fell $43.40 per troy ounce on Tuesday, settling at $2,904.50—marking its largest one-day decline since December 19, 2024.
Despite this pullback from Monday’s record high of $2,947.90, gold remains up 10.47% year-to-date and has surged an impressive 42.87% from its 52-week low set in February 2024.
Despite this setback, gold’s broader performance remains remarkably strong, with prices still up 10.09% from January’s low of $2,638.40 and an impressive 10.47% gain year-to-date. The longer-term picture is even more dramatic, with gold having climbed 42.87% from its 52-week low of $2,033.00 recorded on February 28, 2024, and showing a 3.27% increase for the month of February alone.