Gold stabilizes with the recovery of the dollar and US data better than expectations

2026/02/12 11:16:41 AM

1 minute read

Gold stabilizes with the recovery of the dollar and US data better than expectations

Gold prices stabilized today, Thursday, with the rise of the US dollar, and the release of US jobs data that were better than expectations, which reduced the chances of a reduction Interest rates in the near term, while investors await inflation data scheduled to be released tomorrow, Friday, to obtain more indications about monetary policy.

And The price of gold in spot transactions rose by 0.3% to $5,063.11 per ounce by 04:53 GMT, and gold futures contracts in the United States (April delivery) fell by 0.3% to reach $5,083.90 per ounce.

In other precious metals, the price of silver fell 0.8% to $83.32 per ounce, and platinum declined. 0.8% to $2,113.79, while palladium rose 0.9% to $1,715.30.

Meanwhile, the The US dollar following the release of the strong employment report, which indicated the strength of the US economy.

With regard to monetary policy, a survey conducted by "Reuters" The Federal Reserve (the US central bank) will keep interest rates unchanged throughout the term of its Chairman Jerome Powell, whose term ends next May, but will reduce them immediately afterward in June.