Spot gold rose 1.7% on Friday, New York silver futures increased about 7.7%, February gold futures rose about 11.3%, and silver futures increased about 19.3%.

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On Friday (February 27), in New York’s after-hours trading, spot gold rose 1.75%, hitting a daily high of $5,275.82 per ounce, approaching the all-time high of $5,595.47 set on January 29. In February, it has increased by 7.84%, after dropping to $4,402.95 on February 2—a V-shaped reversal on the 3rd. COMEX gold futures rose 1.64%, to $5,279.60 per ounce, up 11.27% for February. Spot silver increased 6.33%, to $93.8333 per ounce, with a 10.11% gain in February. COMEX silver futures rose 7.67%, to $94.300 per ounce, up 19.28% in February. COMEX copper futures increased 0.61%, to $6.0630 per pound, with a 1.35% rise in February, showing a three-wave V-shaped pattern overall. In February, spot platinum rose 7.19%, to $2,369.00 per ounce; spot palladium increased 4.56%, to $1,790.59 per ounce.

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