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On this day — February 6, 2025
Chinese New Year: Chinese gold demand surges in the lead-up to Lunar New Year as families exchange gold pendants, rings and bars. Year-on-year, China's January–February gold imports run 30–50 percent above other months.
Thursday — a normal trading day. Weekly US initial jobless claims publish at 8:30 AM ET on Thursdays, occasionally producing intraday gold movement.
Day 37 of 365 · Q1 2025 · 10.1% through the year
February 2025 gold market: Uptrend extends on inflation and safe-haven demand
BullishInflation and debt worries sustained the strong uptrend.
Gold continued higher in February as elevated inflation concerns, worries about persistent government debt, and currency-debasement fears drew investors toward gold's traditional store-of-value role. Institutional accumulation and safe-haven demand kept the trend firmly intact.
What drove gold in February 2025
- elevated inflation concerns
- government-debt and debasement fears
- safe-haven demand
- institutional accumulation
Key events in February 2025
- Feb 24Tariff plans on major trading partners reinforce hedging demand
What happened next
Building momentum carried gold through the historic $3,000 barrier in March.
For gold buyers
February showed gold working as designed — a hedge against inflation, debt and currency risk, all of which were rising at once.
Feb 6 across the years — 2020 → 2024
| Year | Feb 6 close | vs prior | |
|---|---|---|---|
| Feb 6, 2024 | $2,038.95 | +8.84% | View |
| Feb 6, 2023 | $1,873.30 | +3.90% | View |
| Feb 6, 2021 | $1,803.00 | +15.33% | View |
| Feb 6, 2020 | $1,563.30 | — | View |