{"id":2324,"date":"2018-03-07T14:50:57","date_gmt":"2018-03-07T14:50:57","guid":{"rendered":"https:\/\/www.ukbullion.com\/blog\/?p=2324"},"modified":"2018-03-08T14:52:27","modified_gmt":"2018-03-08T14:52:27","slug":"what-happened-to-the-gold-price-in-february","status":"publish","type":"post","link":"https:\/\/www.ukbullion.com\/blog\/what-happened-to-the-gold-price-in-february\/","title":{"rendered":"What Happened to the Gold Price in February?"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Over the course of February, the <a href=\"https:\/\/www.ukbullion.com\/live-chart\/gold\/gbp\"><span class=\"s2\">gold price<\/span><\/a> continued to mark low volatility, with a small upturn in value. <a href=\"http:\/\/www.lbma.org.uk\/precious-metal-prices\"><span class=\"s2\">After opening at the beginning the month at \u00a3944.44<\/span><\/a>, the commodity experienced mild fluctuations, before opening on the final day of the month at \u00a3954.01. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Overall, the price rose by 1.01 per cent over February, signalling that the gold market remains a reliable investment against a variety of economic factors that would seek to threaten it. Here\u2019s what you need to know. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>Early upturn in gold price<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After beginning the month at \u00a3944.44, the gold price rose over the first six days of the month, peaking at \u00a3959.67 on the 6<\/span><span class=\"s3\"><sup>th<\/sup><\/span><span class=\"s1\">. The first days saw <a href=\"https:\/\/www.ukbullion.com\/blog\/happened-gold-price-january\/\"><span class=\"s2\">similarly subdued values as the end of January<\/span><\/a>, before <a href=\"https:\/\/uk.reuters.com\/article\/global-precious\/precious-gold-rises-as-equity-sell-off-spurs-safe-haven-buying-idUKL4N1PW1QT\"><span class=\"s2\">poor performance in global equities<\/span><\/a> saw investors return to gold as a safe-haven. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>US economy beats expectations<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This peak was quickly reversed as gold marked a sharp drop in the space of two days, as the price fell to the month\u2019s lowest value of \u00a3937.00. The drop coincided with i<a href=\"https:\/\/uk.reuters.com\/article\/global-precious\/precious-gold-hits-4-wk-low-on-firmer-dollar-amid-u-s-rate-hike-views-idUKL4N1PY1H7\"><span class=\"s2\">nvestment faith returning to the dollar<\/span><\/a> after American economic statistics showed better than expected performance. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>Gold rebounds, dollar dips<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The positive outlook for the dollar was not to last however, as further data revealed that <a href=\"https:\/\/uk.reuters.com\/article\/global-precious\/precious-gold-rebounds-from-u-s-inflation-data-driven-losses-as-dollar-wilts-idUKL8N1Q45J3\"><span class=\"s2\">the retail sector underperformed on expectations<\/span><\/a>. On the 14<\/span><span class=\"s3\"><sup>th<\/sup><\/span><span class=\"s1\"> of February, gold rose once again in value, hitting a monthly high of \u00a3964.64 at close. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>Low volatility as February ends<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The gold price dipped from its peak over the latter half of February. It fell to \u00a3948.48 on the 23<\/span><span class=\"s3\"><sup>rd<\/sup><\/span><span class=\"s1\"> before rising once again in the final days of the month to \u00a3954.01, and \u00a3951.14 at open on the 28<\/span><span class=\"s3\"><sup>th<\/sup><\/span><span class=\"s1\"> of February. <\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>What does this mean for the price of your gold coins and gold bars?<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s2\"><a href=\"https:\/\/uk.reuters.com\/news\/archive\/goldMktRpt?view=page&amp;page=7&amp;pageSize=10\">Despite continuing fears of a rise in US Federal Reserve interest rates<\/a><\/span><span class=\"s1\">, the gold price remains firm against Sterling, and looks set to continue making modest gains over the coming months.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Many investors will see this combination of low prices and positive outlook as a good time to invest in the gold market. If you agree, then take a look through our range of <a href=\"https:\/\/www.ukbullion.com\/gold\/gold-bars.html\"><span class=\"s2\">gold bars<\/span><\/a> and <a href=\"https:\/\/www.ukbullion.com\/gold\/buy-gold-coins.html\"><span class=\"s2\">gold coins<\/span><\/a> to find out more about your gold investment portfolio.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the course of February, the gold price continued to mark low volatility, with a small upturn in value. After opening at the beginning the month at \u00a3944.44, the commodity experienced mild fluctuations, before opening on the final day of the month at \u00a3954.01. Overall, the price rose by 1.01 per cent over February, signalling that the gold market remains a reliable investment against a variety of economic factors that would seek to threaten it. Here\u2019s what you need to know. Early upturn in gold price After beginning the month at \u00a3944.44, the gold price rose over the first six days of the month, peaking at \u00a3959.67 on the 6th. The first days saw similarly subdued values as the end of January, before poor performance in global equities saw investors return to gold as a safe-haven. US economy beats expectations..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[279],"tags":[314,66,37,106],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Happened to the Gold Price in February? - UKBullion Blog<\/title>\n<meta name=\"description\" content=\"What happened to the gold price over February? A stable market and improvements in price \u2013 could this be the right time to buy gold bullion? 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