Gold prices remain elevated today, February 12, 2026, hovering around $5,060–$5,080 per ounce in spot trading (with minor fluctuations across sources like Trading Economics, Reuters, and live trackers showing slight dips of 0.3–0.5% intraday). $XAU
After surging past $5,100 earlier this week and recovering strongly from February lows near $4,400, gold has entered a consolidation phase. Stronger-than-expected US January jobs data strengthened the dollar and reduced near-term Fed rate-cut expectations, prompting a modest pullback. Investors are now focused on upcoming US inflation (CPI) data tomorrow, which could provide clearer signals on monetary policy.
KeyDriversBullish factors: Persistent central bank buying, geopolitical uncertainties, and long-term diversification demand continue to provide solid support. Gold holds firmly above the $5,000 psychological level and rising trendline support from early February. $XAU
Bearish pressures: A firmer dollar and signs of technical exhaustion (e.g., bearish RSI divergence) suggest possible short-term downside risks toward $4,900–$5,000 if resistance around $5,170 holds firm.
Outlook: Analysts remain largely bullish for 2026 overall, with many forecasting averages in the $4,700–$5,400 range by year-end, driven by structural demand. However, near-term volatility is high—gold could test higher if inflation surprises softer or dip if the dollar gains more ground
