February Gold News 2024

Despite a lack of momentum in recent weeks, gold (and silver) is holding steady, and building new support levels as markets wait for a fresh spark in either direction.

The latest batch of US inflation figures resulted in gold and silver falling yesterday as markets continue to readjust rate cut expectations from the Fed.

China has reported another gold reserve purchase, this time adding 10 tonnes of gold to their growing reserves. This represents the 15th consecutive month that China have reported buying gold for their reserves and puts them up to 2,245 tonnes.