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Gold plunges over 3% as US-Iran talks boost USD demand
Gold (XAU/USD) price dives more than 3% on Tuesday as the Greenback rebounds amid Washington-Tehran talks that, according to a senior White House official quoted by Axios, are showing signs of progress. At the time of writing, XAU/USD trades at $4,869 after reaching a daily high of $5,000. Market mood remains mixed, yet broad US Dollar strength and US Treasury yields paring earlier losses are weighing on the yellow metal. The US Dollar Index (DXY), which measures the buck’s performance versus six currencies, is up 0.17% to 97.25 as of writing. At the same time, the US 10-year Treasury note is yielding 4.052%, flat ... (full story)
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From gold.org | Feb 17, 2026
The first six weeks of 2026 marked a record-breaking yet turbulent phase for gold. International gold prices scaled 12 all-time highs, breached US$5,400/oz,1 and then corrected sharply at the end of January. Despite the pullback, prices have largely hovered around the US$5,000/oz level,2 signifying resilience. January closed with a 14% gain,3 the eighth ...
