Thursday 12/February/2026 – 07:27 PM
Prices fell Gold and silver Noticeably during Thursday evening trading, affected by the decline in market expectations regarding a reduction in interest rates in the United States, following economic data that showed the strength of the American labor market.
Huge losses for gold and silver globally as expectations of a US interest rate cut decline
The spot gold price fell to less than $5,000 per ounce, recording $4,918.72 per ounce, a decrease of 3.3% compared to this morning’s prices, while silver fell about 10%, reaching about $75 per ounce.
US data showed that non-farm payrolls recorded their largest increase in more than a year, while the unemployment rate unexpectedly declined in January, reflecting the continued strength and stability of the US labor market at the beginning of 2026.
These indicators reinforced the expectations of Federal Reserve officials to keep interest rates unchanged for the time being, with many traders expecting to postpone the next rate cut to July instead of June, because rate cuts usually constitute support for precious metals that do not generate a return.
Other metals also saw similar declines, with spot platinum falling more than 4% to $2,022.84 per ounce, and palladium falling more than 3% to $1,635.75 per ounce.
