Gold futures continued their impressive run, with the April contract closing at $2,887.60, up $10.90 (0.38%) for the day and $52.60 (1.86%) for the week. This marks an unprecedented sixth consecutive week of gains, dating back to December 30. During this period, gold has accumulated a remarkable gain of $229.70, establishing the strongest six-week performance since April 2024.

Gold prices made history yesterday, when for a brief moment the most active April futures contract traded above the key psychological level of $2900 per troy ounce. As we saw in yesterday’s price action, gold at that price was unsustainable in that it attracted some traders and investors to quickly pull profits.

Gold prices reached unprecedented heights today as the April futures contract breached $2,900 per troy ounce for the first time in history, marking the third consecutive trading session of record-breaking prices. While the precious metal briefly touched levels above $2,900, it settled at $2,883.50 by 4:40 PM EST, posting a modest gain of $7.70 or 0.27%.

Gold reached another historic peak in trading today, with April futures settling at $2,873.70, representing a gain of $23 (0.81%). This marks the second consecutive day that gold has surpassed its previous record set on Wednesday, October 30, 2024.

Precious metals markets experienced significant volatility this week, with gold prices demonstrating remarkable resilience and ultimately reaching a new all-time record high. After an initial decline of 1.15% in early trading, gold quickly rebounded and closed with substantial gains in New York.

Gold prices pulled back after reaching an unprecedented high on Thursday. The most active April futures contract is currently at $2,832.10, after factoring in today’s $20 or 0.70% price decline. The retreat coincided with strengthening dollar performance, as the U.S. dollar index climbed 0.31% to 108.486.

Gold prices surged to record levels as a confluence of global uncertainties drove investors toward the precious metal's safe-haven appeal. April gold futures reached $2,852.40 at 4:50 PM EST, surging $58.10 (+2.1%) in a single session. This remarkable achievement followed intense market volatility, swinging from Monday's steep decline to today's powerful rally.

The Federal Reserve maintained its benchmark interest rate at the 4.25-4.50% target range following the conclusion of its first Federal Open Market Committee (FOMC) meeting of the year. While acknowledging that inflation remains "somewhat elevated," Fed Chairman Jerome Powell emphasized the central bank's unwavering commitment to achieving its 2% inflation target.

Gold futures mounted a strong recovery today, climbing $29.10 (1.06%) to $2,767.50 on the February contract, effectively erasing most of yesterday's dramatic decline. The precious metal's resilience was particularly noteworthy as it gained ground despite a strengthening U.S. dollar, which rose 0.45% to 107.906.

Gold prices experienced a significant decline today, dropping more than 1.3% as investors shifted their focus to the Federal Reserve's first policy meeting of 2024. February gold futures fell by $36.30 to settle at $2,741.10, marking a notable pullback from recent highs.