On February 28, precious metal prices continued to rise, with gold increasing by over 1% for the day. Since mid-February, the total gain has approached 8%, with intraday prices nearing $5,250, potentially marking the seventh consecutive month of gains. Amid rising geopolitical tensions between the U.S. and Iran, safe-haven demand has rekindled, driving gold prices higher. Earlier in late January, influenced by regional tensions, gold briefly hit a near-record high of nearly $5,600. It then retreated to around $4,400 in early February, a decline of over 21% from the peak.
Silver performed even more strongly, rising over 6% to around $94, with a total increase of more than 28% since mid-February, hitting a monthly high. Spot platinum rose 3.5% to $2,352 per ounce, while palladium edged up to $1,785, both on track for positive monthly returns. Market attention is focused on whether gold can continue its seven-month rally and how much room there is for silver prices to rebound.
In contrast, digital assets and stock markets experienced volatility and consolidation. Bitcoin, after falling below $60,000, has been fluctuating between $65,000 and $70,000, currently around $65,500, down 2.8% for the day. Diminished momentum in risk assets has made the divergence between gold and Bitcoin a key topic in capital allocation discussions.
U.S. equities also faced pressure. The S&P 500 declined 0.8%, and the Nasdaq fell 1.1%, with technology giants leading the decline. NVIDIA has dropped about 9% since Wednesday, despite earnings beating expectations, and has fallen below the $180 level. Meta, Amazon, and Alphabet also showed weakness amid rising concerns over capital expenditures related to artificial intelligence, which are expected to exceed $770 billion by 2026.
Under the dual influence of “geopolitical risks boosting gold prices” and “tech stock adjustments dragging down U.S. stocks,” short-term capital flows have favored defensive assets. Whether precious metals can maintain their strength will depend on changes in risk appetite and the evolution of global situations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Chinese electric vehicle company Jiuzi New Energy "exchanges shares for coins," planning to use $1 billion worth of equity to acquire 10,000 Bitcoins
Nine Purple New Energy announces the acquisition of 10,000 Bitcoins with approximately $1 billion in equity, aiming to expand digital asset reserves and enhance asset flexibility. However, with Bitcoin price fluctuations and market uncertainties, the sustainability of the DAT model is questioned, increasing investment risks. This move has triggered significant stock price volatility, accompanied by concerns over speculation and manipulation.
ChainNewsAbmedia6m ago
Arthur Hayes warns: Bitcoin SaaS decoupling incomplete, dead cat bounce risk still exists
Legendary trader Arthur Hayes claims that the current rebound in Bitcoin is merely a "dead cat bounce," pointing out its high correlation with the US SaaS software ETF has failed to decouple, and the rebound lacks sustainability. He warns investors to remain patient and analyzes cross-asset correlations, trading volume, and macroeconomic environment, reminding that a true bottom requires independent momentum to emerge.
MarketWhisper12m ago
PIPPIN drops 37% as $43 million is withdrawn from the market – What's going on?
In the past 24 hours, the price of PIPPIN has dropped sharply by 37%, matching a decrease of $43 million in open contracts (OI), indicating a wave of large position closures happening in the market.
This significant decline often reflects traders exiting leveraged positions as prices fall. This suggests that a strong wave of liquidation is underway in the market.
TapChiBitcoin1h ago
Arthur Hayes: BTC has not yet decoupled from American SaaS technology companies and may only be a short-term rebound
Odaily Planet Daily reports that Arthur Hayes posted on the X platform stating that BTC (white) has not yet decoupled from the US SaaS technology company (green). This may just be a short-term rebound, and it has not yet moved out of the danger zone. Patience is required.
GateNews1h ago
Pi Network price hits two-week high, protocol upgrade drives 8.5% increase
Pi Network's native token PI rose about 8.5% on March 4th, reaching a nearly two-week high, following the successful upgrade to protocol v19.9. The upgrade aims to strengthen network capabilities and will introduce v20.2 before Pi Day 2026. Despite the short-term increase, the Pi Foundation transferred 60.99 million tokens, which could trigger supply pressure. Technically, PI faces a key resistance level at $0.173.
MarketWhisper2h ago
Gate Institute: Under wartime conditions, BTC's trend remains stable with a slight upward bias, and volatility stays high
According to observations from the Gate Research Institute, the current implied volatility for Bitcoin (BTC) and Ethereum (ETH) are 55% and 74%, respectively, reflecting the options market's high expectations for short-term price fluctuations. Recent negative Delta skew for BTC and ETH indicates increased demand for short-term puts. The Gamma distribution is concentrated around March 13, which could lead to amplified volatility. In terms of large options trades, significant buying activity has been observed for both BTC and ETH.
GateNews2h ago
