Gold Pares Weekly Losses
2026-02-13 13:44
By
Felipe Alarcon
1 min. read
Gold rose toward $5,030 per ounce on Friday, extending its rebound and paring weekly losses after Thursday’s more than 3% slide, as softer-than-expected US inflation eased pressure on Treasury yields and weighed on the dollar.
The prior drop came amid a broad cross-asset selloff that forced investors to liquidate precious metals to raise cash, with simultaneous declines in equities and cryptocurrencies underscoring a wider risk-off move.
Data showed annual inflation slowed to 2.4% in January, below forecasts, while core inflation eased to 2.5%, reinforcing dovish arguments at the Federal Reserve after strong jobs data had pushed rate-cut expectations toward July.
Yields edged lower and the dollar weakened following the release, offering near-term support to bullion.
Despite recent volatility, continued central bank buying, geopolitical tensions and persistent concerns over currency debasement and rising sovereign debt burdens continue to underpin structural demand.