Goldify Pro
Live Gold Rates & Tools
On this day — February 24, 2024
Saturday — the international gold market is closed. Most retail jewellery markets, especially in Asia and the Middle East, see peak Saturday foot-traffic and physical trade activity.
Day 55 of 366 · Q1 2024 · 15.0% through the year
February 2024 gold market: Consolidation as hot data delays cuts
Range-boundA tight range as hot inflation delayed rate-cut bets.
Gold held in a tight range around $2,030 in February 2024, dipping toward $1,990 after a hotter-than-expected US inflation report pushed back expectations for Fed rate cuts. Steady central-bank and Asian demand kept the pullbacks shallow.
What drove gold in February 2024
- hotter US inflation print
- rate-cut expectations pushed back
- steady central-bank demand
- firm dollar
Key events in February 2024
- Feb 13Hot US CPI dips gold toward $1,990 before it recovers
What happened next
The coiled range resolved explosively in March with a breakout to record highs.
For gold buyers
February's quiet consolidation was the calm before March's historic breakout — accumulation paid off.
Feb 24 across the years — 2020 → 2022
| Year | Feb 24 close | vs prior | |
|---|---|---|---|
| Feb 24, 2022 | $1,936.30 | +8.29% | View |
| Feb 24, 2021 | $1,788.00 | +6.96% | View |
| Feb 24, 2020 | $1,671.70 | — | View |