Comex gold for February delivery dropped $43.40 per troy ounce on Tuesday, settling at $2,904.50 — the largest one-day decline since Dec. 19, 2024. This pullback followed Monday’s record intraday high of $2,947.90, but it does not erase the metal’s strong overall performance this year.
Year-to-date, gold remains up 10.47%, and it has climbed a striking 42.87% from its 52-week low reached in February 2024. Even measured from January’s low of $2,638.40, prices are still about 10.09% higher, underscoring the persistence of bullish momentum despite short-term volatility.
Over longer horizons, the gains are more pronounced. From the 52-week low of $2,033.00 recorded on Feb. 28, 2024, gold has rallied 42.87%, reflecting continued investor demand and broader market dynamics that have supported the rally. For the month of February alone, the metal registered a 3.27% increase, further highlighting sustained strength amid intermittent pullbacks.