Gold's stellar performance: Largest monthly percentage gain since February 2016

Kitco Media
By Gary Wagner
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Gold's stellar performance: Largest monthly percentage gain since February 2016 teaser image

Gold has emerged as a standout performer in the investment landscape, delivering exceptional returns that outshine many other asset classes. The precious metal continues to break records, with spot gold currently fixed at $3,123.83 after today's impressive gain of $38.22 (1.24%).

The yellow metal closed at yet another record high, extending its remarkable trajectory. Since its 2025 settlement low of $2,638.40 on January 6, gold has surged by 39.63%, prompting both professional traders and individual investors to incorporate it into their portfolios for both asset protection and profit potential.

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Front month Comex gold futures for April delivery gained $493.60 per troy ounce this quarter, representing an 18.77% increase to $3,122.80. The most active June delivery month is currently fixed at $3,157.50 after factoring in today's gain of $39.50. The metal's performance in March has been particularly noteworthy, with gains exceeding $285—translating to over 10% in a single month. This momentum remains unchallenged as gold has posted gains for three consecutive months, achieving its largest three-month percentage gain since August 2011.

The strong safe-haven demand for gold reflects both economic and geopolitical uncertainty. Multiple factors have contributed to gold's historic climb, including ongoing tensions in the Middle East and Ukraine, and additional tariffs expected to be imposed on U.S. imports on Wednesday, April 2.

This latest price surge comes as the administration prepares to implement new tariffs on various products from multiple countries, including Canada and Mexico—the United States' two largest trading partners. President Trump has dubbed April 2 as "Liberation Day." However, American satirist and comedian Bill Maher offers a different interpretation, suggesting it will be the day U.S. citizens are "liberated from their money."

Despite their differences, President Trump has extended an invitation to Maher to visit the White House, expressing eagerness to meet him despite the comedian's frequent criticism. According to a recent post by Trump: "The problem is, no matter how much he likes your Favorite President, ME, he will publicly proclaim what a terrible guy I am, etc., very much like the Democrats at my recent Address to the Joint Session of Congress, where I stated, correctly, that no matter what I said or did, they wouldn't stand, they wouldn't applaud, they wouldn't smile or laugh and, certainly, they wouldn't be in any way 'nice... Who knows, though, maybe I'll be proven wrong?"

As geopolitical tensions persist and economic uncertainties loom, gold's appeal as a safe-haven asset continues to strengthen, potentially setting the stage for further gains in the months ahead.

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Gary Wagner

Gary S. Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of "The Gold Forecast," a daily video newsletter.

He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of "Trading Applications Of Japanese Candlestick Charting" a John Wiley publication.

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