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Daily brief · Thursday, February 12, 2026

Gold slips under $5,050 as strong U.S. jobs data hits rate-cut hopes; silver sells off

Gold closed lower after a day of heavy selling tied to strong U.S. jobs data and fading expectations for early Federal Reserve rate cuts. Silver, platinum, and palladium fell harder, while several reports pointed to strong physical silver demand and continued gold-market interest despite the pullback.

AI summaryWritten automatically with AI from 29 linked reports and our own price data, Oct 21, 2:35 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 12, 2026

Gold $5,043.15 −0.68% 30d +9.1% Silver $83.52 −3.00% 30d −2.7% Platinum $2,109.00 −2.36% 30d −11.7% Palladium $1,696.00 −3.85% 30d −9.9%

Tone of the reports: Leaning lower

What happened

  1. Gold ended at $5,043.15 an ounce (-0.68%), with several outlets tying the drop to strong U.S. jobs data reducing expectations for early Fed rate cuts and triggering fast selling.

    SourcesCNBC: Gold cascades down as strong US jobs data and stop-selling weighReuters: Gold eases as strong US jobs data dims Fed rate‑cut hopesInvesting.com: Gold prices dip as strong U.S. labor data dampens rate cut hopesThe Economic Times: Gold and Silver crash: Why are gold and silver prices falling today? Gold prices crash 2.3% to $4,981 while silver plunges 8.8%2: US stock market on the move today: Dow climbs toward 50,400 as S&P 500 and Nasdaq also in green - Gold and silver slip while Bitcoin gains+1

  2. Some coverage described a sudden, sharp intraday downswing (a “flash crash”) in gold and silver, with reports linking the move to risk sentiment shifts, including easing geopolitical risk.

    SourcesMarketPulse: Breaking: The Metals Market – Gold (XAU/USD) and Silver (XAG/USD) flash crashAction Forex: Metals Market – Gold (XAU/USD) and Silver (XAG/USD) Flash Crash

  3. Kitco said silver inventories are plunging, arguing that physical demand is putting pressure on Western pricing benchmarks even as paper prices fell.

    SourcesKitco News: Silver inventory plunges as physical demand challenges western pricing benchmarks

  4. Reuters reported Ghana’s gold output hit a record 6 million ounces in 2025, highlighting rising supply from a major producer.

    SourcesReuters: Ghana’s gold output hits record 6 million oz in 2025, industry group says

  5. Reuters reported Mexico has taken back 1,126 mining concessions since late 2024, a policy move that could affect the mining pipeline and project access.

    SourcesReuters: Mexico has taken back 1,126 mining concessions since late 2024, official says

  6. China is tightening oversight of gold trading in Shenzhen after platform failures, with reports also mentioning a crackdown on illegal trading and limits on leverage and price-fixing practices.

    SourcesEarlier news service: CHINA tightens gold trading rules in Shenzhen after platforms collapse2: CHINA's Shenzhen Cracks Down on Illegal Gold Trading, Bans Price-Fixing and Leve..

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

Metal by metal

Gold $5,043.15 −0.68%

Reports tied today’s weakness mainly to strong U.S. jobs data dimming near-term Fed rate-cut expectations and accelerating sell programs. Kitco also said gold is “finding balance” around the $5,000 area, while separate reports highlighted tighter gold-trading rules in Shenzhen and rising mined supply from Ghana.

Gold headlines

Silver $83.52 −3.00%

Coverage was split: multiple outlets described sharp downside/flash-crash-style trading alongside gold, but Kitco focused on plunging inventories and strong physical demand straining pricing benchmarks. Thin reporting beyond that demand-and-inventory angle.

Silver headlines

Platinum $2,109.00 −2.36%

No report focused on platinum.

Platinum headlines

Palladium $1,696.00 −3.85%

No report focused on palladium.

Palladium headlines

The day’s reports

The 40 most important of 42 reports, New York time.

  1. 7:00 PM Earlier news service · 7:00 PM CHINA tightens gold trading rules in Shenzhen after platforms collapse China is tightening gold trading rules in Shenzhen after platform failures.
  2. 7:00 PM Earlier news service · 7:00 PM CHINA's Shenzhen Cracks Down on Illegal Gold Trading, Bans Price-Fixing and Leve.. Shenzhen is cracking down on illegal gold trading and banning price-fixing and leverage.
  3. 7:00 PM Earlier news service · 7:00 PM INFOGRAPHIC : Central Bank Gold Reserves: Biggest Changes (2020–2025) An infographic shows the biggest changes in central-bank gold reserves from 2020 to 2025.
  4. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise WORLD GOLD COUNCIL : Gold Price Surge and What It Means for Investors The World Gold Council explains gold's price surge and what it means for investors.
  5. 1:42 PM Reuters · 1:42 PM Ghana’s gold output hits record 6 million oz in 2025, industry group says Ghana’s gold output is said to hit a record 6 million ounces in 2025, according to the industry group.
  6. 12:36 PM The Economic Times · 12:36 PM▼ Reports a fall Gold and Silver crash: Why are gold and silver prices falling today? Gold prices crash 2.3% to $4,981 while silver plunges 8.8% Gold and silver fell sharply as strong U.S. jobs data reduced expectations for an early Federal Reserve rate cut.
  7. 12:36 PM Reuters · 12:36 PM Mexico has taken back 1,126 mining concessions since late 2024, official says Mexico has taken back 1,126 mining concessions since late 2024, an official said.
  8. 12:06 PM MarketPulse · 12:06 PM▼ Reports a fall Breaking: The Metals Market – Gold (XAU/USD) and Silver (XAG/USD) flash crash Gold and silver flashed lower in a sudden metals market sell-off tied to easing geopolitical risk.
  9. 11:05 AM Kitco News · 11:05 AM Silver inventory plunges as physical demand challenges western pricing benchmarks Kitco says silver inventories are plunging as physical demand challenges Western pricing benchmarks.
  10. 8:39 AM Reuters · 8:39 AM▼ Reports a fall Gold eases as strong US jobs data dims Fed rate‑cut hopes Gold eased as strong U.S. jobs data weakened expectations for an early Fed rate cut.
  11. 7:33 AM CNBC · 7:33 AM▼ Reports a fall Gold cascades down as strong US jobs data and stop-selling weigh Gold falls sharply after strong U.S. jobs data and stop-selling pressure.
  12. 10:31 PM Kitco News · 10:31 PM▲ Reports a rise Agnico Eagle posts record free cash flow in 2025 as higher gold prices drive margins Agnico Eagle says record free cash flow in 2025 was driven by higher gold prices and stronger margins.
  13. 9:03 PM Action Forex · 9:03 PM▼ Reports a fall Metals Market – Gold (XAU/USD) and Silver (XAG/USD) Flash Crash Action Forex says gold and silver saw a flash crash, with sharp intraday drops.
  14. 7:00 PM Kitco News · 7:00 PM Gold finds balance at $5,000, but recession risks could spark next rally Kitco News says gold is finding balance at $5,000 as recession risks could fuel the next rally.
  15. 7:00 PM Economies.com · 7:00 PM▼ Reports a fall Gold gives up two-week high on US rate outlook - Economies.com Economies.com says gold gave up a two-week high on the back of U.S. rate outlook.
  16. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Gold prices dip as strong U.S. labor data dampens rate cut hopes Investing.com says gold prices fell as strong U.S. labor data reduced rate-cut expectations.
  17. 7:00 PM Earlier news service · 7:00 PM Precious metal volatility puts the ‘safe haven’ trade on trial The article says precious-metal volatility is putting the safe-haven trade under scrutiny.
  18. 7:00 PM Earlier news service · 7:00 PM▼ Reports a fall INDIA : Gold trades at discounts in India for first time in nearly a month Gold is trading at discounts in India for the first time in nearly a month.
  19. 7:00 PM Earlier news service · 7:00 PM CHINA : Firms change buyback policies for gold Chinese firms are changing their gold buyback policies.
  20. 7:00 PM Earlier news service · 7:00 PM INDIA : 62% Gen Z, mllennials buy gold under 5 grams, pick bullion over MFs, sto.. An article says many Indian Gen Z and millennials buy small amounts of gold and prefer bullion over mutual funds.
  21. 7:00 PM Earlier news service · 7:00 PM CHINA : Speculative Trading in China Drives Gold Price Volatility The article says speculative trading in China is driving volatility in gold prices.
  22. 7:00 PM Earlier news service · 7:00 PM▲ Reports a rise How CHINA’s ‘unruly’ speculators might be fuelling the frenzy in gold market The article says unruly Chinese speculators may be fueling the gold market frenzy.
  23. 7:00 PM Earlier news service · 7:00 PM The Center of Gravity in Gold Trading Is Shifting EAST The article says the center of gravity in gold trading is shifting east.
  24. 2:12 PM Kitco News · 2:12 PM▼ Reports a fall As gold and silver struggle, Franklin Templeton sees value in mining stocks Kitco News says Franklin Templeton sees value in mining stocks while gold and silver struggle.
  25. 1:37 PM Reuters · 1:37 PM Lundin Gold to invest $100 million in 2026 Ecuador exploration Lundin Gold plans to invest $100 million in Ecuador exploration in 2026.
  26. 12:31 PM Reuters · 12:31 PM Chow Tai Fook looks beyond glitter of gold with younger buyers, higher margins Chow Tai Fook is targeting younger buyers and higher margins as it looks beyond gold jewelry alone.
  27. 12:18 PM Kitco News · 12:18 PM▼ Reports a fall Gold, silver sell off rapidly; reasons are unknown Gold and silver sold off rapidly in a move Kitco says has no clear explanation.
  28. 10:00 AM Kitco News · 10:00 AM▲ Reports a rise Spot gold at $5,063/oz after U.S. existing-home sales drop 8.4% in January Spot gold rose to $5,063 an ounce after U.S. existing-home sales dropped in January.
  29. 9:49 AM The Economic Times · 9:49 AM▼ Reports a fall US stock market on the move today: Dow climbs toward 50,400 as S&P 500 and Nasdaq also in green - Gold and silver slip while Bitcoin gains Gold and silver slipped as strong U.S. jobs data boosted stocks and reduced rate-cut hopes.
  30. 8:30 AM Kitco News · 8:30 AM Spot gold trades at $5,076/oz after U.S. weekly jobless claims tick down to 227k Spot gold trades at $5,076 an ounce after weekly U.S. jobless claims dipped to 227,000.
  31. 8:24 AM Kitco News · 8:24 AM Gold market analysis for February 12 - key intra-day price entry levels for active traders Kitco outlines key intraday gold price levels for active traders on February 12.
  32. 7:42 AM Kitco News · 7:42 AM▼ Reports a fall Modest price pressure on gold, silver amid uptick in risk appetite Gold and silver face modest pressure as risk appetite improves.
  33. 7:06 AM The Manila Times · 7:06 AM Xali Gold Positions Pico Machay Gold Project to Reactivate Development Plans Amid Strong Gold Market Xali Gold says it is restarting development plans at its Pico Machay gold project in Peru.
  34. 12:20 AM The Manila Times · 12:20 AM Robex Achieves Commercial Production at the Kiniero Gold Project Robex says it has started commercial production at its Kiniero gold project in Guinea.
  35. 7:00 PM Investing.com · 7:00 PM The Pros and Cons of Investing in Gold and Other Precious Metals Investing.com discusses the pros and cons of investing in gold and other precious metals.
  36. 7:00 PM Earlier news service · 7:00 PM LBMA : HERAEUS Precious Metals GmbH & Co. KG – Incident Review Process Invoked LBMA says it has invoked Heraeus Precious Metals' incident review process.
  37. 7:00 PM Earlier news service · 7:00 PM HERAEUS PRECIOUS METALS Recycling Investigation: Legal Considerations for Affect.. Heraeus Precious Metals discusses legal considerations in a recycling investigation.
  38. 7:00 PM Earlier news service · 7:00 PM SAXO BANK : Commodities weekly: AI disruption fears rattle equities while commod.. Saxo Bank's weekly commodities outlook covers market moves, including a section on commodities and gold.
  39. 7:00 PM Earlier news service · 7:00 PM PICTET : Looking Through Gold’s Volatility Pictet is examining gold's recent volatility.
  40. 9:00 AM Yahoo Finance · 9:00 AM Why Smart Seniors Are Buying Gold at Costco (and Ignoring the Jewelry Counter) Yahoo Finance says some seniors are buying gold bars at Costco as an investment.

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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