Business
Gold Prices Just Had Their Best Month in More Than a Decade
Gold futures rose roughly 11% in February, the biggest monthly increase for the precious metal since January 2012.
Futures for March delivery ended Friday at $5,230.50 a troy ounce, 1.7% shy of the all-time high set in late January. In dollar-terms, the $516.60 added in February was the most that an ounce of gold has ever gained in a month.
The big month for precious metals—silver futures added 18%, or a record $14.392 an ounce—shows that investors around the world are as worried as ever about geopolitical risks, expensive stocks and the outlook for major currencies.