Gold Soars Past $5,000: February 2026 Price Outlook
Gold and Silver Prices Rise: Latest Updates for February 2026
After last week’s decline due to weaker demand for safe-haven assets and profit-taking by investors, gold and silver prices started the new week with solid gains. Market attention is focused on upcoming U.S. nonfarm payroll data, expected to be released this week.
Current Prices of Precious Metals
- Gold: Spot price reached $5,026 per ounce in the morning. In Turkey, gold per gram exceeded the psychological level, reaching 7,036 TRY.
- Silver: Morning price rose to $81.11 per ounce.
Why Gold is Rising
One key factor driving gold prices is the weakening U.S. dollar. As the dollar declines, dollar-denominated precious metals become more attractive to investors.
Additional support came from the World Gold Council’s latest data. In January, global gold ETFs received 120 tonnes of gold, equivalent to around $19 billion.
Expectations from the U.S. Federal Reserve
Investors are closely watching developments around the U.S. Federal Reserve. The appointment of Kevin Warsh as Fed Chair by President Donald Trump has fueled expectations of possible interest rate cuts in 2026.
A major market focus will be the U.S. nonfarm payroll data, which is critical for Fed decisions. Following a partial government shutdown last week, the statistics are expected to be released soon.
U.S. Authorities’ Perspective
U.S. Treasury Secretary Scott Bessent commented that last week’s sharp swings in gold prices were driven by Chinese investors. He noted:
“Gold price movements got somewhat out of control. China had to tighten collateral requirements. It seems like a classic speculative spike.”
Summary
The rise in gold and silver prices is driven by a combination of factors: a weaker U.S. dollar, strong inflows into gold ETFs, and expectations of Fed policy easing. In the coming days, market trends will largely depend on macroeconomic data from the United States.
Disclaimer: This article is a fictional forecast for February 2026, created for illustrative and formatting purposes. Market conditions are hypothetical.
