Gold futures surged significantly on the opening day of 2025, reaching a two-week high with the February contract climbing $32.10 (1.22%) to settle at $2,671.20.

The financial markets enter a shortened trading period over the next two weeks as investors celebrate the holidays and the New Year.

Gold futures demonstrated resilience this week, finding crucial support at the $2600 level after Wednesday's close. The February contract, which opened at $2600.60 on Thursday, showed steady momentum throughout the session.