10.02.2026 08:11
Gold prices showed a limited decline today after two days of increases, as investors acted cautiously ahead of critical U.S. employment and inflation data to be released this week, keeping prices above the $5,000 level. Spot gold fell by 0.7% to $5,029.49 per ounce, while gram gold is trying to hold at 7,043 lira with a 1% decline. The sharp fluctuations in silver continue.
Gold prices fell on Tuesday, as investors maintained a cautious stance ahead of critical U.S. employment and inflation data to be released this week, keeping prices above the $5,000 level. These data will be decisive regarding expectations for the U.S. Federal Reserve's (Fed) interest rate policy.
SPOT GOLD FELL TO $5,029.49
Spot gold declined by 0.7% to $5,029.49 per ounce. Gold had risen by 2% on Monday as the dollar fell to its lowest levels in over a week. The precious metal had reached an all-time high of $5,594.82 on January 29. April futures for U.S. gold were trading at $5,052 per ounce, down 0.5%.
GRAM GOLD EXPERIENCED A DOWNWARD MOVEMENT
With the decline in spot gold, there was also a downward movement in gram gold. Currently, gram gold is trying to hold at 7,043 lira, down 1%.
SHARP FLUCTUATIONS IN SILVER
Spot silver fell by 2.1% to $81.64 after rising nearly 7% in the previous session. Silver had reached its historical peak of $121.64 on January 29. Analysts point out that volatility in silver is higher due to speculative trading.
According to market commentators, the economic and geopolitical competition between the U.S. and China is expected to continue for many years. This situation creates a structural upward trend for gold, while the short-term impact of the Fed's interest rate expectations on pricing is being closely monitored.
WEAK DOLLAR, STRONG YEN
While the U.S. dollar attempted to recover its sharp losses on Tuesday, the Japanese yen maintained its gains following Prime Minister Sanae Takaichi's election victory. The weak performance of the dollar is among the factors supporting interest in precious metals.
EXPECTATION OF INTEREST RATE CUT
White House Economic Advisor Kevin Hassett stated that due to the slowdown in labor growth and the rise in productivity, employment gains may weaken in the coming months. This assessment also feeds into the ongoing interest rate discussions within the Fed. Markets expect at least two 25 basis point rate cuts within 2026, with the first cut anticipated in June. Gold, which does not yield interest, typically performs better in low-interest environments.