Gold prices slide more than one percent amid thin holiday trading and profit taking
Gold prices fell on Monday as thin trading and profit-taking weighed on the market during major holidays. Investors are monitoring potential Fed rate cuts.
Insights:
Spot gold prices declined by approximately 1.1% intraday on February 16, 2026, as the market experienced selling pressure driven by thin trading volumes and profit-taking. This move followed a significant 2.5% jump in the previous session, which also impacted the pricing of U.S. gold futures . The reduced liquidity was primarily attributed to the simultaneous closure of U.S. markets and China markets for local holidays.
