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Daily brief · Wednesday, February 11, 2026

Gold ends up at $5,077.85 as rate-cut bets ebb; silver jumps to $86.10

Gold rose to $5,077.85 even as strong U.S. jobs data pushed Treasury yields higher and cooled expectations for near-term Federal Reserve rate cuts. Silver outperformed, while platinum and palladium also finished higher on the day.

AI summaryWritten automatically with AI from 20 linked reports and our own price data, Oct 21, 2:34 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for February 11, 2026

Gold $5,077.85 +0.92% 30d +10.1% Silver $86.10 +4.64% 30d +2.4% Platinum $2,160.00 +1.89% 30d −9.0% Palladium $1,764.00 +1.79% 30d −5.4%

Tone of the reports: Mixed

What happened

  1. Bloomberg’s market wrap said Treasuries fell after strong jobs data curbed Fed-cut bets, even as spot gold rose in the session’s mix of cross-currents.

    SourcesBloomberg: Treasuries Fall as Strong Jobs Curb Fed-Cut Bets: Markets Wrap

  2. Reuters reported the January U.S. jobs report beat expectations, reinforcing a steady, cautious Fed stance; a separate Reuters piece said traders trimmed bets on rate cuts after the data.

    SourcesReuters: US jobs beat for January affirms steady Fed view2: Traders trim bets on Fed rate cuts after jobs report

  3. Investing.com (citing Reuters) described gold rising earlier as the dollar and Treasury yields slipped ahead of the key U.S. jobs data, but another Investing.com piece said gold later pulled back as strong jobs data reset rate-cut expectations.

    SourcesInvesting.com: Gold rises as dollar, yields slip ahead of key US jobs data By Reuters2: Gold Pulls Back as Strong Jobs Data Resets Rate Cut Expectations

  4. Kitco reported J.P. Morgan expects silver to average $81/oz this year, arguing a higher “price floor” has formed versus 2025.

    SourcesKitco News: Silver will average $81/oz this year – more than double 2025 average – as price floor rises – J.P. Morgan

  5. Reuters reported platinum miners are prioritizing shareholder payouts over new projects even as prices surge, a stance that can limit near-term supply growth.

    SourcesReuters: Platinum miners favour payouts over projects even as prices surge

  6. Kitco reported Texas unveiled an official bullion program and gold bills, adding to the day’s focus on policy and institutional demand themes around physical metals.

    SourcesKitco News: Exclusive: Texas unveils official bullion program and gold bills

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

What to watch

  • UpcomingU.S. payrolls in focusInvesting.com said gold and silver trading was focused on upcoming payrolls data as markets reassess the Fed outlook after jobs-related releases.
  • UpcomingNew Gold earningsInvesting.com said New Gold’s earnings are being watched ahead of its Coeur deal closing.

Metal by metal

Gold $5,077.85 +0.92%

Rates remained the day’s main macro driver: Reuters said strong U.S. jobs data reduced expectations for Fed rate cuts, a headwind for non-yielding gold, while Bloomberg still noted spot gold rising even as Treasuries sold off. Separate imported items highlighted market stress: one said gold dipped in a sudden selloff as traders covered losses during a stock rout, and another said Shenzhen gold platforms suspended withdrawals amid a price surge.

Gold headlines

Silver $86.10 +4.64%

Kitco said J.P. Morgan sees silver averaging $81/oz this year and argued a higher price floor is forming, framing strength as more structural than a one-off spike.

Silver headlines

Platinum $2,160.00 +1.89%

Reuters said producers are favoring payouts over new projects even as prices surge, signaling a cautious capex posture that can constrain future supply additions.

Platinum headlines

Palladium $1,764.00 +1.79%

No report focused on palladium.

Palladium headlines

The day’s reports

The 40 most important of 43 reports, New York time.

  1. 7:00 PM Bloomberg · 7:00 PM▲ Reports a rise Treasuries Fall as Strong Jobs Curb Fed-Cut Bets: Markets Wrap Markets wrap-up notes Treasuries falling after strong jobs data and spot gold rising.
  2. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold rises as dollar, yields slip ahead of key US jobs data By Reuters Gold rises as the dollar and Treasury yields slip ahead of key U.S. jobs data.
  3. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise CHINA : Shenzhen Gold Platforms Suspend Withdrawals Amid Price Surge Shenzhen gold platforms suspend withdrawals amid a surge in gold prices.
  4. 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall GOLD Dips in Sudden Selloff as Traders Cover Loss in Stock Rout Gold falls in a sudden selloff as traders cover losses during a stock rout.
  5. 7:00 PM Earlier news service · 7:00 PM WORLD GOLD COUNCIL : CHINA - A strong start to 2026 The World Gold Council says China had a strong start to 2026.
  6. 7:00 PM Earlier news service · 7:00 PM GREENLIGHT CAPITAL : Einhorn: Gold Replacing Treasurys as Global Reserve Asset Einhorn says gold is replacing Treasurys as a global reserve asset.
  7. 4:34 PM Kitco News · 4:34 PM Exclusive: Texas unveils official bullion program and gold bills Texas unveils an official bullion program and gold bills.
  8. 2:28 PM Reuters · 2:28 PM▲ Reports a rise Platinum miners favour payouts over projects even as prices surge Platinum miners are prioritizing payouts over projects even as prices surge.
  9. 11:34 AM Kitco News · 11:34 AM▲ Reports a rise Silver will average $81/oz this year – more than double 2025 average – as price floor rises – J.P. Morgan J.P. Morgan says silver will average $81 an ounce this year as its price floor rises.
  10. 10:36 AM Reuters · 10:36 AM US jobs beat for January affirms steady Fed view Reuters says stronger January U.S. jobs data reinforced expectations that the Fed will stay cautious.
  11. 9:45 AM Reuters · 9:45 AM Traders trim bets on Fed rate cuts after jobs report Traders reduced bets on Fed rate cuts after the latest jobs report.
  12. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise Gold, silver prices rise after soft US data; payrolls in focus Gold and silver rise after softer U.S. data, with payrolls in focus.
  13. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Gold Pulls Back as Strong Jobs Data Resets Rate Cut Expectations Gold pulls back as strong U.S. jobs data reduces expectations for Fed rate cuts.
  14. 7:00 PM Bloomberg · 7:00 PM Titan CFO on Gold Volatility, Indian Wedding Demand - Bloomberg Titan's CFO discusses gold volatility and Indian wedding demand.
  15. 7:00 PM MINING.COM · 7:00 PM Caledonia CEO says Bilboes gold mine a 'game changer' for ... Caledonia Mining’s CEO says restarting Zimbabwe’s Bilboes gold mine would be a game changer.
  16. 7:00 PM Earlier news service · 7:00 PM APOLLO : Wall Street’s top analyst sees something weird going on with gold and i.. Apollo’s top analyst says something unusual is happening in gold.
  17. 7:00 PM Earlier news service · 7:00 PM SHARPS PIXLEY : “Armageddon fund”: The Londoners queuing to buy physical gold The Londoners queueing to buy physical gold are described as an “Armageddon fund.”
  18. 7:00 PM Earlier news service · 7:00 PM MORGAN STANLEY : Gold-linked Morgan Stanley (NYSE: MS) notes cap upside and expo.. Morgan Stanley says gold-linked notes cap upside and expose investors to specific risks.
  19. 7:00 PM Earlier news service · 7:00 PM SPROTT : The Changing Global Order Is Repricing Gold Sprott says the changing global order is re-pricing gold.
  20. 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall GOLD plunges on sudden US Dollar demand Gold plunges as sudden U.S. dollar demand strengthens the currency.
  21. 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall GOLD slumps 3% amid markets preparing for Chinese Lunar Year pause Gold falls 3% as markets prepare for the Chinese Lunar New Year pause.
  22. 7:00 PM Earlier news service · 7:00 PM INFOGRAPHIC : Ranked: The Countries Buying (and Selling) the Most Gold Since 202.. An infographic ranks the countries that have bought and sold the most gold since 2020.
  23. 7:00 PM Earlier news service · 7:00 PM BCA warns gold vulnerable to pullback if ASIAN demand reverses BCA warns gold could pull back if Asian demand reverses.
  24. 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall SILVER plummets 7% Silver plunges 7%.
  25. 2:45 PM Reuters · 2:45 PM Caledonia CEO says Bilboes gold mine a ‘game changer’ for Zimbabwe Caledonia Mining says its Bilboes gold mine could be a game changer for Zimbabwe.
  26. 2:05 PM Kitco News · 2:05 PM Early 2026 volatility won’t derail gold’s bull market, miners’ record cash flow will support reratings – Van Eck’s Casanova VanEck's Casanova says early-2026 volatility will not derail gold's bull market.
  27. 12:42 PM CNBC · 12:42 PM David Einhorn says the Fed will cut 'substantially more' than ... - CNBC David Einhorn says the Fed will cut rates substantially more and notes that he owns gold.
  28. 12:01 PM Kitco News · 12:01 PM BCA stays long gold, but warns speculative flows could trigger another pullback BCA says it remains long gold but warns speculative flows could trigger another pullback.
  29. 11:24 AM Kitco News · 11:24 AM Gold, silver hold gains despite strong U.S. jobs data Gold and silver hold gains despite strong U.S. jobs data.
  30. 10:26 AM Reuters · 10:26 AM Fed's Schmid says too soon to expect productivity to fix still-elevated inflation Fed official Schmid said it is too soon to expect productivity gains to solve still-elevated inflation.
  31. 8:38 AM Kitco News · 8:38 AM▼ Reports a fall Gold losing some momentum as U.S. economy created 130K jobs in January Kitco says gold is losing momentum after the U.S. economy added 130,000 jobs in January.
  32. 8:37 AM Reuters · 8:37 AM Fed to hold rates through May, but Warsh may be too loose with policy, economists say Reuters says economists expect the Fed to hold rates through May, though Warsh may favor easier policy.
  33. 7:44 AM Kitco News · 7:44 AM▲ Reports a rise Solid price gains for gold, silver ahead of key U.S. data Kitco reports gold and silver prices rose ahead of key U.S. data.
  34. 7:00 PM Investing.com · 7:00 PM New Gold earnings ahead: Final report before Coeur deal closes New Gold's upcoming earnings are being watched ahead of its deal with Coeur Mining closing.
  35. 7:00 PM Earlier news service · 7:00 PM JP MORGAN REPORT : How will SILVER prices fare in 2026? J.P. Morgan examines how silver prices may perform in 2026.
  36. 7:00 PM Earlier news service · 7:00 PM JEWELLERY : Chow Tai Fook looks beyond glitter of gold with younger buyers, high.. Chow Tai Fook is targeting younger buyers as it looks beyond the traditional appeal of gold jewelry.
  37. 7:00 PM Earlier news service · 7:00 PM LBMA REPORT : Spotlight on Thailand The LBMA highlights Thailand in a report on its gold market.
  38. 7:00 PM Earlier news service · 7:00 PM VAN ECK : Gold Bull Market Endures Early 2026 Volatility VanEck says the gold bull market is continuing despite early-2026 volatility.
  39. 7:00 PM Earlier news service · 7:00 PM JP MORGAN REPORT : Is it a golden era for gold? J.P. Morgan asks whether gold is entering a golden era.
  40. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise MOROCCO : Traders struggle to sell gold as prices rise Traders in Morocco are struggling to sell gold as prices rise.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

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