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Daily brief · Tuesday, February 17, 2026

Gold drops to $4,861.45 as stronger dollar and cooling haven demand hit metals

Gold, silver, and the rest of the complex finished sharply lower Tuesday, with several outlets pointing to a firmer U.S. dollar, softer safe-haven bids, and long liquidation after the recent surge. At the same time, multiple banks and analysts still framed the pullback as happening inside a broader bull trend, with rate-cut expectations and official-sector buying cited as support.

AI summaryWritten automatically with AI from 26 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 17, 2026

Gold $4,861.45 −2.23% 30d +5.4% Silver $74.65 −3.17% 30d −17.8% Platinum $1,995.00 −1.19% 30d −13.3% Palladium $1,662.00 −2.06% 30d −5.3%

Tone of the reports: Mixed

What happened

  1. Gold ended at $4,861.45/oz (-2.23%). Reuters linked the slide to a stronger dollar and cooling safe-haven demand, taking prices to a one-week low.

    SourcesReuters: Gold slips to one-week low as safe-haven demand cools, dollar strengthens

  2. Kitco said gold and silver losses were driven by “weak long liquidation,” meaning some bullish positions were being closed as prices slipped.

    SourcesKitco News: Gold, silver see strong losses amid weak long liquidation

  3. Several reports described unusually thin liquidity around Lunar New Year as a factor amplifying moves and capping near-term momentum.

    SourcesBloomberg: Gold Holds Near $5,000 as Lunar New Year Holiday Mutes TradeInvesting.com: Gold Slips Below $5,000 as Thin Liquidity Caps Near Term MomentumFXStreet: Gold slips below $5,000 as US Dollar rebounds in thin trade - FXStreetMINING.COM: Gold price hovers near $5,000 with US and China closed - Mining.com

  4. Reuters reported Fed official Austan Goolsbee said “several” rate cuts could be possible this year if inflation moves toward 2%, keeping rate expectations in focus for metals.

    SourcesReuters: Fed's Goolsbee: 'Several' rate cuts possible this year if inflation gets on track to 2%

  5. MarketPulse and Action Forex tied the pullback to easing geopolitical tensions (including Iran diplomacy) alongside softer inflation signals, reducing immediate safe-haven demand.

    SourcesMarketPulse: Gold & Precious Metals slide: Iran diplomacy and Lunar New Year drain liquidityAction Forex: Gold Price Falls to a 10-Day Low

  6. World Gold Council said India’s gold market strengthened, with price gains lifting demand and imports rising.

    SourcesWorld Gold Council: India gold market update: Price strength fuels demand

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

  • UpcomingUK jobs dataInvesting.com said markets were awaiting UK jobs data, which can shift rate-cut expectations that often feed into gold pricing narratives.
  • UpcomingCanadian inflation dataInvesting.com flagged Canadian inflation as an upcoming release; inflation surprises can move rate expectations and, in turn, sentiment toward gold.
  • UpcomingInflation dataReuters noted investors were assessing inflation data as gold fell, highlighting inflation as a near-term driver for rates and the dollar.

Metal by metal

Gold $4,861.45 −2.23%

Reuters attributed Tuesday’s weakness to a stronger dollar and reduced safe-haven demand, while multiple outlets also pointed to thin Lunar New Year liquidity and position clean-up after the run-up. Separately, MINING.COM cited Scotiabank saying the rally still has legs, supported by hard-asset demand and continued central-bank buying, and Kitco highlighted debate around whether the rally can persist.

Gold headlines

Silver $74.65 −3.17%

Kitco said silver fell alongside gold on long liquidation, and Investing.com also framed both metals as pressured with economic data and Fed signals in focus. Beyond that, today’s reporting had limited silver-specific detail.

Silver headlines

Platinum $1,995.00 −1.19%

No report focused on platinum.

Platinum headlines

Palladium $1,662.00 −2.06%

No report focused on palladium.

Palladium headlines

The day’s reports

24 reports, most important first, New York time.

  1. 1:09 PM MINING.COM · 1:09 PM▲ Reports a rise Gold price rally has legs, Scotiabank says - MINING.COM Scotiabank says gold's rally still has legs as investors seek safety in hard assets and central banks continue buying.
  2. 10:58 AM Reuters · 10:58 AM Fed's Goolsbee: 'Several' rate cuts possible this year if inflation gets on track to 2% Goolsbee says several rate cuts are possible this year if inflation moves toward 2%.
  3. 7:00 PM MINING.COM · 7:00 PM▲ Reports a rise Gold, Silver ETF Bullish Tilts Steepen | Call skews increase as ... Gold and silver ETF bullish positioning deepens as call skews increase.
  4. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Gold, silver prices fall further with econ. data, Fed cues in focus Gold and silver prices fall further as economic data and Fed signals stay in focus.
  5. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Gold Slips Below $5,000 as Thin Liquidity Caps Near Term Momentum Gold slips below $5,000 as thin liquidity limits near-term momentum ahead of upcoming macroeconomic data.
  6. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall UK Jobs and Canadian Inflation Data on Deck - Investing.com Gold dipped back below the widely watched $5,000 level as markets awaited UK jobs and Canadian inflation data.
  7. 7:00 PM Investing.com · 7:00 PM▲ Reports a rise SSR Mining shares soar as fourth quarter earnings beat expectations SSR Mining shares jumped after the company reported fourth-quarter earnings that beat expectations.
  8. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Gold Slips as Trading Volumes Dip During China Holidays Gold slips as trading volumes drop during China holidays.
  9. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall TSX dips with Canadian inflation data in focus - Investing.com Canada Gold and silver prices fall as Canadian inflation data comes into focus.
  10. 7:00 PM World Gold Council · 7:00 PM▲ Reports a rise India gold market update: Price strength fuels demand India's gold market strengthens as price gains lift demand and imports rise.
  11. 4:38 PM Kitco News · 4:38 PM JP Morgan says there’s a case against the gold rally continuing – and it’s wrong JP Morgan argued there is a case against the gold rally continuing and said that view is wrong.
  12. 11:47 AM Kitco News · 11:47 AM▼ Reports a fall Gold, silver see strong losses amid weak long liquidation Gold and silver fall sharply amid weak long liquidation.
  13. 11:17 AM MarketPulse · 11:17 AM▼ Reports a fall Gold & Precious Metals slide: Iran diplomacy and Lunar New Year drain liquidity Gold and silver slide as Iran diplomacy, Lunar New Year liquidity and long positioning weigh on the market.
  14. 9:47 AM Reuters · 9:47 AM▼ Reports a fall Gold slips to one-week low as safe-haven demand cools, dollar strengthens Gold slips to a one-week low as safe-haven demand cools and the dollar strengthens.
  15. 9:46 AM Reuters · 9:46 AM▼ Reports a fall TSX opens lower as gold slips; investors assess inflation data TSX opens lower as gold falls and investors assess inflation data.
  16. 9:28 AM Reuters · 9:28 AM▼ Reports a fall FTSE 100 ticks up as soft jobs data raises rate cut bets; metal prices drag miners FTSE 100 edges up as soft jobs data raises rate-cut bets and metal prices weigh on miners.
  17. 3:41 AM Action Forex · 3:41 AM▼ Reports a fall Gold Price Falls to a 10-Day Low Gold fell to a 10-day low as easing geopolitical tensions and softer U.S. inflation weigh on safe-haven demand.
  18. 7:00 PM Investing.com · 7:00 PM Saba Capital buys ASA Gold & Precious Metals (ASA) shares worth ... Saba Capital bought additional shares of ASA Gold & Precious Metals.
  19. 7:00 PM Yahoo Finance · 7:00 PM Maple Gold Announces Closing of Oversubscribed Concurrent ... Maple Gold announced it closed an oversubscribed concurrent financing.
  20. 1:41 PM Kitco News · 1:41 PM Gold’s pullback is a reset, not the end of the metals bull market - American Pacific CEO American Pacific's CEO says gold's pullback is a reset, not the end of the metals bull market.
  21. 9:43 AM Kitco News · 9:43 AM▲ Reports a rise Gold price will hit $6,200 by June, precious, industrial metals set for further gains as volatility eases – UBS’ Schnider UBS's Schnider says gold could reach $6,200 by June as volatility eases and precious metals may keep rising.
  22. 8:36 AM Kitco News · 8:36 AM▼ Reports a fall Gold prices struggling as Empire State Manufacturing Survey falls to 7.1 Gold prices struggle after the Empire State Manufacturing Survey falls to 7.1.
  23. 8:08 AM Kitco News · 8:08 AM Gold market analysis for February 17 - key intra-day price entry levels for active traders Kitco provides intraday gold market analysis and key entry levels for active traders.
  24. 7:50 AM Kitco News · 7:50 AM▼ Reports a fall Price pressure on gold, silver; bulls need fresh fodder Gold and silver prices face pressure, with bulls needing fresh support.

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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