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
The US-Iran conflict enters the second phase: Trump emphasizes "no ground action for now," airstrikes have destroyed over 3,000 targets, Bitcoin drops to 67,000.
Trump stated that the U.S. military currently has no plans to deploy ground troops, mainly conducting airstrikes, and has destroyed over 3,000 Iranian military targets. Market risk aversion has increased, with Bitcoin dropping to $67,000. The fighting continues between both sides, and Iran has vowed to retaliate.
動區BlockTempo20m ago
PEPE faces volatility risk as the threat of a "short squeeze" increases
The memecoin market is experiencing a significant downturn as the total industry capitalization has dropped by 48% over the past year and declined another 6.9% in the most recent month, according to data from CoinMarketCap. Meanwhile, a report from Glassnode indicates that this sector has only grown modestly by 2.2% in the past t
TapChiBitcoin22m ago
Willy Woo: BTC's early decline was too rapid, and it is now creating conditions for a rebound to $85,000.
On March 8th, analyst Willy Woo pointed out that Bitcoin faced resistance near $75,000, but since mid-February, capital flows have been recovering, and market sentiment may shift toward risk appetite. Although there is a short-term rebound opportunity, in the long term, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and test resistance levels.
GateNews1h ago
Today, the cryptocurrency Fear and Greed Index is at 12, indicating the market is in extreme fear.
Gate News Report, March 8th, according to Alternative.me data, today’s cryptocurrency Fear and Greed Index is at 12, indicating the market is in a "Extreme Fear" state. This index measures market sentiment, with lower values indicating higher levels of fear.
GateNews1h ago
CryptoQuant Analyst: Bitcoin NUPL-MVRV indicator reaches 0.33, indicating that extreme selling conditions are moderating
Gate News Announcement, March 8 — CryptoQuant analyst Axel posted on X platform that Bitcoin may have entered the mid-stage of this bear market cycle. Data shows that the NUPL–MVRV harmonic composite indicator has reached 0.33, while historical cycle bottoms typically occur around the -0.5 level. The chart indicates that the start of the bear market cycle is trending upward, suggesting that extreme selling conditions are moderating. However, the indicator remains well above historical bottom levels, indicating that a full-scale market sell-off has not yet been confirmed.
GateNews2h ago
