Gold prices retreat as geopolitical tensions ease and dollar gains strength

Gold prices and other precious metals fell on February 17, 2026, as easing geopolitical tensions involving Iran and Russia and a stronger U.S. dollar put downward pressure on bullion. The Gold market (spot and futures) experienced a notable decline, with spot gold down 0.8% to $4,953.90 and U.S. gold futures down 1.5% to $4,972.90. These price moves reflect market reactions to reduced geopolitical risk and monetary-policy uncertainty, impacting commodity market valuations at a sector level.