Daily Gold News: February 27 – Gold Is Near $2,900 Again

Paul-Rejczak Paul Rejczak Feb 27, 2025

Gold price extends its pullback as markets await more economic data.

The gold futures contract gained 0.40% on Wednesday, February 26, as it fluctuated following its Tuesday’s decline of 1.5%. On Tuesday, it pulled back from the last Thursday’s new record high of $2,973.40. Gold continues to fluctuate after its January-February advances. The market is moving sideways amid geopolitical news, economic data.

On November 14, gold was the lowest since mid-September after dropping in a reaction to the presidential elections. Gold extended its decline from the late October high, reaching a local low of $2,541.50.

This morning, gold is declining again, as we can see on the daily chart (the chart includes today’s intraday data):

Daily Gold News: February 27 – Gold Is Near $2,900 Again - Image 1

The gold price is 1.2% lower, as it is trading along the $2,900 level. What about the other precious metals? Silver is 0.5% lower, platinum is unchanged and palladium is 0.8% lower. So, the main precious metals’ prices are lower this morning.

Yesterday’s New Home Sales release has been lower than expected at 657,000. Today, we will get the Preliminary GDP and Unemployment Claims releases at 8:30 a.m.

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days (EST Timezone).

Thursday, February 27

  • 3:00 a.m. Eurozone - Spanish Flash CPI y/y
  • 8:30 a.m. U.S. - Preliminary GDP q/q, Unemployment Claims, Durable Goods Orders m/m,
  • Core Durable Goods Orders m/m, Preliminary GDP Price Index q/q
  • 9:15 a.m. U.S. - FOMC Member Schmid Speech
  • 10:00 a.m. U.S. - Pending Home Sales m/m, FOMC Member Barr Speech
  • 11:45 a.m. U.S. - FOMC Member Bowman Speech
  • 1:15 p.m. U.S. - FOMC Member Hammack Speech
  • 3:15 p.m. U.S. - FOMC Member Harker Speech
  • 6:30 p.m. Japan - Tokyo Core CPI y/y
  • All Day - G20 Meetings

Friday, February 28

  • 8:30 a.m. U.S. - Core PCE Price Index m/m, Goods Trade Balance, Personal Income m/m, Personal Spending m/m, Preliminary Wholesale Inventories m/m
  • 8:30 a.m. Canada - GDP m/m
  • 9:45 a.m. U.S. - Chicago PMI
  • 10:00 a.m. U.S. - Manufacturing PMI, Non-Manufacturing PMI
  • 10:15 p.m. U.S. - FOMC Member Goolsbee Speech
  • All Day, Eurozone - German Preliminary CPI m/m

Paul Rejczak
Stock Trading Strategist