Gold steadies, market awaits U.S data

February 10, 2026 (MLN): Gold prices edged lower on Tuesday but remained above the key $5,000-per-ounce mark in line with major U.S. economic reports later this week that could influence the Federal Reserve’s path on interest rates.

However, Spot gold is up 1.29% to $5027.19 an ounce as of [11:53 AM] PST, according to data reported by Mettis Global.

Despite the pullback, bullion has surged in recent weeks and touched a record high near $5,595 an ounce on January 29, as reported by CNBC.

Silver prices were more volatile, the metal had previously reached an all-time high close to $122 per ounce late last month, and is trading around Rs81.2 an ounce.

The U.S. dollar remained under pressure, while the Japanese yen held recent gains following the decisive election victory of Prime Minister Sanae Takaichi.

Currency movements have also influenced precious-metal pricing, as a weaker dollar typically makes gold more attractive to overseas buyers.

A series of U.S. data releases due this week, including retail sales figures are in focus, especially the Consumer Price Index, and the monthly nonfarm payrolls report, all of which could shape expectations for the Federal Reserve’s next moves.

Other precious metals also declined, with platinum falling about 2% to near $2,084 per ounce and palladium dropping roughly 1.7% to around $1,711 per ounce.

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