On February 17, 2026, gold prices continued to decline, with spot gold dropping 0.8% to $4,953.90 per ounce, influenced by easing geopolitical tensions and a stronger dollar. Gold futures fell nearly 2% to ₹1.52 lakh per 10 grams, reflecting a decrease in safe-haven demand amid improving market sentiment, as reported by The Hindu. The US dollar index rose by 0.2%, making gold more expensive for holders of other currencies. Analysts are closely watching the upcoming minutes from the January FOMC meeting for insights into future monetary policy that could further impact gold prices. Ilya Spivak, head of global macro at Tastylive, remarked, "It (gold) is not really going very far because it doesn’t look like the (geopolitical) risk is really expanding beyond very much."
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Gold Prices Decline Amid Strong Lunar New Year Demand in China
On February 17, 2026, gold prices fell due to a stronger dollar and reduced geopolitical tensions, while strong demand for gold jewelry in China during Lunar New Year offers some market support.
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Updated 10h agoCopper falls as inventories rise to 11-month highFEB 17, 12:21 PMRead →Gold falls on easing geopolitical risks, stronger dollarFEB 17, 6:53 AMRead →LME copper dips on firmer US dollar, thin Asia tradeFEB 17, 6:01 AMRead →Dollar holds gains in thin trading as markets await Fed minutes, US GDPFEB 17, 2:49 AMRead →Asia markets make cautious start, oil rises on US-Iran talksFEB 17, 2:40 AMRead →Gold falls 1% on firmer dollar, thin Asia tradeFEB 17, 2:35 AMRead →Copper softer on thin volumes with focus on higher inventoriesFEB 16, 12:25 PMRead →LME copper, aluminium slip in thin China holiday tradeFEB 16, 5:57 AMRead →Gold drops over 1% as thin trading, profit-taking weighFEB 16, 5:35 AMRead →
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The Hindu
Updated 13h agoSCMP
South China Morning Post
Updated 17h agoTL
Tribune Latest
Updated 18h agoPBPT