Gold firm ahead of key U.S data

February 18, 2026 (MLN): Gold prices made the green as it bounced back after touching a one-week low in the previous session, as attention is turned towards the upcoming release of the U.S. Federal Reserve’s January policy meeting minutes for signals on the future path of interest rates.

Currently, spot gold went down 1.13% to $4,934.38 an ounce as of [10:48 am] PST, according to data reported by Mettis Global.

Market participants are closely watching the Fed’s latest meeting records, due later in the day, as well as the U.S. Personal Consumption Expenditures inflation report expected on Friday, both of which could influence expectations for monetary policy this year, according to CNBC.

On the geopolitical front, representatives from Ukraine and Russia wrapped up the first day of U.S.-brokered peace discussions in Geneva, with U.S. President Donald Trump urging faster progress toward ending the prolonged conflict.

Other precious metals showed mixed performance. Silver prices slipped further after heavy losses in the previous session, while platinum and palladium both posted moderate gains during the day.

Spot silver fell 2.2% to $75.05 per ounce while spot platinum gained 2% to $2,049.42 per ounce and palladium added 1.9% to $1,714.64.

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