Gold prices drop one percent as stronger dollar and holiday trading weigh on markets

Gold prices fell on Tuesday as a stronger dollar and holiday closures in Asia limited trading. Investors remain focused on potential U.S. rate cuts this year.

Insights:
Spot gold fell by approximately 1% on Tuesday, February 17, 2026, as thin trading across major Asian markets and a firmer U.S. dollar index pressured prices. The decline in bullion was accompanied by a drop in U.S. gold futures (April delivery) and a broader retreat across the precious metals sector (silver, platinum, palladium) . These moves are significant as they influence investor positioning ahead of key U.S. monetary policy expectations.
A gold bar marked with the letters "BTC" (out of focus) is displayed at a jewellery shop at the Al Moez Street gold market in Old Cairo as demand for gold bars and coins rises in Egypt amid economic uncertainty, traders and industry officials said, February 5, 2026. REUTERS/Amr Abdallah Dalsh
A gold bar marked with the letters "BTC" (out of focus) is displayed at a jewellery shop at the Al Moez Street gold market in Old Cairo as demand for gold bars and coins rises in Egypt amid economic uncertainty, traders and industry officials said, February 5, 2026. REUTERS/Amr Abdallah Dalsh
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