Gold and silver rise from near one-week lows on bargain-hunting

Published Fri, Feb 13, 2026 · 10:14 AM

[BENGALURU] Gold and silver rebounded on bargain-hunting on Friday (Feb 13) after sliding to one-week lows in the previous session, with a break below key supports deepening losses as selling pressure intensified after strong US jobs data curbed rate-cut bets.

Spot gold was up 1 per cent at US$4,966.83 per ounce by 9.27 am after falling more than 3 per cent in the previous session to a near one-week low below the key US$5,000 level.

US gold futures for April delivery gained 0.7 per cent to US$4,985.40 per ounce.

Spot silver rose 2.1 per cent to US$76.76 per ounce, after a 11 per cent drop on Wednesday.

The US dollar was mostly flat against peer currencies on Thursday, holding steady after mixed signals from the latest release of US economic indicators. A stronger US dollar makes greenback-priced metals more expensive for holders of other currencies.

Data released on Wednesday showed the US job market began 2026 on firmer footing than expected, reinforcing the view that policymakers may keep rates elevated for longer.

Non-farm payrolls rose by 130,000 jobs in January, following a downwardly revised 48,000 increase in December, while the unemployment rate edged down to 4.3 per cent.

Initial jobless claims fell to 227,000 in the week ended February 7, data showed on Thursday.

Meanwhile, the Federal Reserve’s current monetary-policy setting threatens US economic growth that otherwise is being “underwritten” by a range of Trump administration policies, including tax cuts, Fed governor Stephen Miran said on Thursday as he again laid out the case for more interest-rate cuts.

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Investors now await inflation data due later in the day for more cues on the Fed’s monetary policy path.

Spot platinum added 1.7 per cent to US$2,033.15 per ounce, while palladium rose 1.4 per cent to US$1,639.99. REUTERS