Gold futures closed up on Monday, February 27, boosted by buying momentum and a weakening dollar.
- The April gold futures rose $7.80 or 0.43% to close at $1,824.90 per ounce.
- Silver futures were down 14.30 cents, or 0.68%, at $20.793 per ounce.
- Platinum contract rose $34, or 3.74%, to close at $941.90 per ounce.
- Palladium futures also rose $49.50 or 3.6% to settle at $1,427.90 an ounce.
The dollar index against a basket of six major currencies fell 0.51% to 104.6775 overnight, which supported the gold futures.
Furthermore, investors bought gold after the gold contract dropped to $1,817.10 per ounce on Friday, the lowest closing level since December 28. The decline of gold futures last week was due to investors’ concerns over rising bond yields and the strong dollar.
The Spot Market is Open
Tuesday, February 28, 2023
| Metals Updated at | USD Bid/Ask | Ounce Change | Low/High |
| Gold 11.00 | 1,814.70 1,815.70 | -2.70 -0.15% | 1,814.50 1,820.40 |
| Silver 11.00 | 20.63 20.73 | -0.02 -0.10% | 20.59 20.79 |
| Platinum 11.00 | 940.00 950.00 | -2.10 -0.21% | 938.00 953.00 |
| Palladium 10.50 | 1,358.00 1,508.00 | +4.00 +0.30% | 1,344.00 1,512.00 |
| Rhodium 06.00 | 8,850.00 10,850.00 | 0.00 0.00% | 8,850.00 10,850.00 |