Overview
- Spot bullion fell about 0.4% to roughly $4,962 per ounce around 01:12 GMT, with April futures down 0.6% as the greenback strengthened.
- The dollar reached its strongest level in more than a week, increasing the cost of dollar‑priced gold for holders of other currencies.
- Lunar New Year closures across mainland China, Hong Kong, Singapore, Taiwan and South Korea have thinned trading and amplified volatility.
- CME FedWatch pricing points to roughly three 25‑basis‑point U.S. rate cuts this year, a path that tends to support non‑yielding bullion if delivered.
- Recent swings have tracked geopolitical headlines, and volatility has spilled into silver, platinum and palladium, with silver extending recent declines.