Did you know gold gained 6.8% in February?

Sydney-Australia (Mar 1)  Gold futures may have closed lower on Friday following a rise in U.S. consumer sentiment and strength in Chicago’s business barometer, but for the month of February the yellow metal gained 6.8%.

On Friday, gold for April delivery surrendered 0.8 percent to finish at $1,321.60 an ounce on the Comex division of the New York Mercantile Exchange.

U.S. consumer confidence in the U.S. improved in February from a month earlier as more consumers grew optimistic about the outlook for the economy. The Chicago Board Options Exchange Volatility Index slipped 3.1 percent today to 13.60.

In other metals, May silver closed down 0.5 percent at $21.24 an ounce, with futures prices 2.5 percent lower on the week, but up 11 percent for the month.

April platinum gave back 0.5 percent to close at $1,446.80 an ounce, with prices trading around 5.2 percent higher for the month.

June palladium increased 0.1 percent to $744.45 an ounce, with most-active futures prices up about 5.9 percent for February.

High-grade copper for May delivery closed down over a penny at $3.19 a pound, with prices for the most-active contracts around 0.3 percent lower for the month.

Source: ProActiveInvestors