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Gold and silver extend gains on softer US dollar
Gold and silver extended gains on Monday (Feb 9) as the US dollar weakened, while investors awaited a key US labour market report due later in the week to gauge the interest rate trajectory. Spot gold rose 1.4 per cent to US$5,029.09 per ounce by 8.37 am after a near 4 per cent climb on Friday. US gold futures for April delivery gained 1.4 per cent to US$5,051 per ounce. Spot silver was up 2.5 per cent after a 10 per cent gain in the previous session. The US dollar was at its lowest level since Feb 4, making greenback-priced metals cheaper for overseas buyers. Asian stock markets leapt higher as a resounding win for ... (full story)
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- Feb 8, 2026 9:55pm Posted byFundamental Analysis262
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