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2026-02-14 01:22:33
Gold prices broke through $5,000 again as moderate inflation strengthened expectations of a Fed rate cut. Gold prices strengthened after moderate inflation data was released, prompting traders to further bet on a Fed rate cut. Some investors also bought on dips after Thursday's sharp decline. The relatively moderate US January inflation data effectively eased market concerns about rapidly rising inflation, increasing market expectations for a Fed rate cut. Following the data release, the yield on the 10-year US Treasury note fell, and traders in the interest rate swap market estimated that the probability of a third Fed rate cut before December was about 50%. As a result, gold prices rose as much as 2.3% during the session. Generally, lower interest rates are beneficial for gold, a non-interest-bearing asset. Spot gold rose 1.9% to $5,016.90 per ounce. Silver rose 3.4% to $77.81 per ounce, while platinum and palladium prices rose in tandem, and the US dollar index saw limited fluctuations.
