February 12, 2026 Spot Gold Morning Analysis
Yesterday, gold prices initially fell then surged in a deep V-shape during the day. Despite the non-farm payroll data clearly being bearish, gold only experienced a brief plunge and quickly recovered. The entire day saw no significant decline, closing firmly above 5070.
Although the news was somewhat bearish: US non-farm employment exceeded expectations, leading the market to believe that the Federal Reserve's rate cuts might be delayed. The dollar and US Treasury yields rebounded, which theoretically should have caused gold to plummet. However, it
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