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Gold Bulls Defend $5k but $5100 is Proving Stubborn on Breaks
Gold prices are grasping to hold support at the $5k level and I looked at this in close detail during yesterday’s webinar, getting down to the one-minute chart to monitor how buyers could defend that price which has so far held. As I looked at last week, the bigger picture bullish bias in gold very much remains in-place but what is more of a question is whether the current bout of consolidation is ready to yield to trend. In past periods of consolidation, we’ve had two months at the end of 2024 or four months in the middle of last year – both periods when markets were debating future Fed policy direction. It ... (full story)
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Total nonfarm payroll employment rose by 130,000 in January, and the unemployment rate changed little at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, social assistance, and construction, while federal government and financial activities lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.
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From dailyforex.com | Feb 11, 2026
The silver market continues to be very noisy, as we are looking to figure out whether or not the markets can turn things around. Silver has pulled back a bit during the trading session here on Tuesday as we continue to hang around the 50-day EMA. Keep in mind that silver was just bludgeoned half to death on one specific candlestick a couple of Fridays ago ...
From zawya.com | Feb 11, 2026
Gold prices gained on Wednesday, buoyed by a weaker dollar and lower Treasury yields, while investors awaited key U.S. jobs data later in the day for clues on the Federal Reserve's policy outlook. Spot gold was 1% higher at $5,074.39 per ounce by 1022 GMT. U.S. gold futures for April delivery gained 1.3% to $5,098 per ounce. "Weve seen a bit of a ...