Gold prices climb over one percent as long term buying offsets robust US jobs report

Gold rose over one percent Wednesday as buyers ignored strong US jobs data. Investors remain confident in the metal amid ongoing global economic uncertainty.

Gold prices rose more than 1% on February 11, 2026, as steady long-term buying helped the metal regain momentum after market participants absorbed a strong U.S. jobs report. This meaningful intra-day price change of over 1% occurred in the United States USUS and international markets ahead of the highly anticipated U.S. consumer price index release. The move signals continued investor demand for gold amid persistent geopolitical and economic uncertainty, as well as ongoing central bank purchases.
A customer holds a gold chain at a jewellery store in Mumbai, India, on January 30, 2026. REUTERS/Francis Mascarenhas/File Photo
A customer holds a gold chain at a jewellery store in Mumbai, India, on January 30, 2026. REUTERS/Francis Mascarenhas/File Photo
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