--- title: "PRECIOUS-Gold, silver dip as dollar rises after strong US jobs data" description: "Gold and silver prices dipped as the U.S. dollar strengthened following strong January jobs data, which reduced expectations for near-term interest rate cuts. Spot gold fell 0.4% to $5,058.64 per ounc" type: "news" locale: "en" url: "https://longbridge.com/en/news/275686450.md" published_at: "2026-02-12T01:56:58.000Z" --- # PRECIOUS-Gold, silver dip as dollar rises after strong US jobs data > Gold and silver prices dipped as the U.S. dollar strengthened following strong January jobs data, which reduced expectations for near-term interest rate cuts. Spot gold fell 0.4% to $5,058.64 per ounce, while spot silver dropped 1.4% to $82.87 per ounce. The U.S. dollar index rose, reflecting a robust labor market, with job growth unexpectedly accelerating in January. Investors are now awaiting inflation data for further insights into the Federal Reserve's monetary policy direction. Feb 12 (Reuters) - Gold and silver fell on Thursday as the U.S. dollar firmed after stronger-than-expected January jobs data dented expectation for near-term interest rate cuts, while investors awaited inflation data due on Friday for more monetary policy cues. ### FUNDAMENTALS - Spot gold (XAU=) was down 0.4% at $5,058.64 per ounce by 0134 GMT after rising more than 1% in the previous session. - U.S. gold futures (GCcv1) for April delivery lost 0.3% to $5,080.0 per ounce. - Spot silver (XAG=) fell 1.4% to $82.87 per ounce, after a 4% climb on Wednesday. - The U.S. dollar index (.DXY) rose, building on Wednesday’s rally following the surprisingly strong employment report that suggested underlying U.S. economic health. A stronger dollar makes greenback-priced metals more expensive for other currency holders. (USD/) - U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labour market stability that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation. - But the largest increase in payrolls in 13 months likely exaggerates the labour market’s health, as revisions showed the economy added only 181,000 jobs in 2025 instead of the previously estimated 584,000. - The Fed will keep rates unchanged through Chair Jerome Powell’s term ending in May but cut immediately afterward in June, a Reuters poll showed, with economists warning that policy under his likely successor, Kevin Warsh, could become too loose. - Investors now await the weekly jobless claims report on Thursday and inflation data on Friday for more cues on the Fed’s monetary policy path. - After talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday, President Donald Trump said they reached no “definitive” agreement on how to move forward with Iran but he insisted negotiations with Tehran would continue to see if a deal can be achieved. - Spot platinum (XPT=) shed 1% to $2,110.63 per ounce, while palladium (XPD=) rose 0.4% to $1,707.17. ### DATA/EVENTS (GMT) 0700 UK GDP Est 3M/3M Dec 0700 UK GDP Estimate MM, YY Dec 0700 UK Services MM, YY Dec 0700 UK Manufacturing Output MM Dec 0700 UK GDP Prelim QQ, YY Q4 1330 US Initial Jobless Clm 7 Feb, w/e 1500 US Existing Home Sales Jan ### Related Stocks - [600489.CN - ZHONGJIN GOLD](https://longbridge.com/en/quote/600489.CN.md) - [GLDM.US - SPDR Gold Minishares](https://longbridge.com/en/quote/GLDM.US.md) - [SIVR.US - Abrdn Silver ETF Trust](https://longbridge.com/en/quote/SIVR.US.md) - [GLD.US - SPDR Gold Shares](https://longbridge.com/en/quote/GLD.US.md) - [600547.CN - SD-GOLD](https://longbridge.com/en/quote/600547.CN.md) - [GOAU.US - Us Gbl GLD & Met](https://longbridge.com/en/quote/GOAU.US.md) - [SIL.US - Global X Silver Miner](https://longbridge.com/en/quote/SIL.US.md) - [GOEX.US - GLOBAL X Gold Explorers](https://longbridge.com/en/quote/GOEX.US.md) - [SLV.US - iShares Silver Tr](https://longbridge.com/en/quote/SLV.US.md) - [GDXW.US - Roundhill Gold Miners Weeklypay ETF](https://longbridge.com/en/quote/GDXW.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | What to Expect from Kinross Gold's Earnings | Kinross Gold (NYSE:KGC) is set to announce its quarterly earnings on February 18, 2026, with analysts estimating an EPS | [Link](https://longbridge.com/en/news/276140299.md) | | Kinross Gold Earnings Up In Q4; Guides FY26 | Kinross Gold Corp. reported a significant increase in net income for Q4, rising to $906.5 million from $275.6 million ye | [Link](https://longbridge.com/en/news/276303383.md) | | Kinross Gold Files 2025 Annual Financials and MD&A With U.S. Regulators | Kinross Gold has filed its 2025 Annual Financials and Management’s Discussion and Analysis with U.S. regulators, providi | [Link](https://longbridge.com/en/news/276285115.md) | | PRECIOUS-Gold rises on dip-buying after more than 2% drop | Gold prices rose by 0.2% to $4,886.69 per ounce on February 18, following a more than 2% drop due to U.S.-Iran talks and | [Link](https://longbridge.com/en/news/276188452.md) | | PRECIOUS-Gold falls more than 1% on stronger dollar in thin trading | Gold prices fell over 1% due to a stronger dollar and low market liquidity, with key markets in the U.S. and Asia closed | [Link](https://longbridge.com/en/news/276068905.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.