
Gold Prices See Biggest Weekly Drop Since November, But Up 2.2% for February
March 1, 2025: Gold Prices Set for Sharpest Weekly Decline Since November: Here’s Why
Gold prices declined on Friday, February 28, 2025, heading for their biggest weekly drop since November 2024. The sharp fall is attributed to a stronger U.S. dollar, profit-taking by investors, and trade-related concerns following tariff announcements by the U.S. government.
Despite this pullback, gold remains up 2.2% for February and continues to be a preferred safe-haven asset amid ongoing geopolitical and economic uncertainties.
Also Read: Stock Market Carnage: Sensex Crashes 1,414 Points, Investors Lose ₹9 Lakh Crore in a Day
📉 Spot Gold: Fell 0.4% to $2,864.33 per ounce
📉 US Gold Futures: Dropped 0.7% to $2,875 per ounce
📉 Weekly Decline: Gold lost 2.5% this week, its biggest drop since November 2024
💰 Gold Prices in India (Per Gram):
🔹 24-Carat Gold: ₹8,684
🔹 22-Carat Gold: ₹7,960
🔹 18-Carat Gold: ₹6,513
💲 Stronger U.S. Dollar
📉 Profit-Taking After Strong Rally
🚨 Trump’s Tariff Announcement
📊 US Federal Reserve & Interest Rates
📉 Support Levels:
📈 Resistance Levels:
While gold has seen a sharp weekly decline, it remains a strong hedge against economic uncertainty. Investors will keep an eye on upcoming U.S. inflation data and Federal Reserve policies, which could influence gold’s trajectory in the coming weeks.
#GoldPrices, #CommodityMarket, #GoldInvesting, #USDollar, #InterestRates, #TrumpTariffs, #GoldTrading, #GlobalEconomy, #SafeHavenAssets,
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