Spot gold rose 1.7% on Friday to $5275.82 per ounce.

On Friday afternoon in New York, spot gold rose by 1.75% to a daily high of $5275.82 per ounce, approaching the historical high of $5595.47 on January 29th. It has increased by 7.84% in February, after briefly dropping to $4402.95 on February 2nd before forming a V-shaped reversal on the 3rd. COMEX gold futures rose by 1.64% to $5279.60 per ounce, with a total increase of 11.27% in February.