Gold Rises and Silver Jumps as Dollar Holds Steady After U.S. Data

Gold posted solid gains on Friday as investors stepped in to buy after a sharp decline in the previous session, while silver advanced even more strongly.

The rebound comes as the U.S.

dollar remained largely steady following mixed economic data that reinforced expectations of higher interest rates for longer.

As of 01:27 GMT, spot gold rose 1% to $4,966.83 per ounce, after falling more than 3% on Thursday to its lowest level in nearly a week below the $5,000 mark.

U.S.

gold futures for April delivery climbed 0.7% to $4,985.40 per ounce.

Silver Recovers After Heavy Losses

Spot silver surged 2.1% to $76.76 per ounce, rebounding after an 11% drop on Wednesday.

The move reflects renewed investor interest in precious metals following recent price corrections.

Market movements in gold and silver remain closely tied to shifting expectations surrounding U.S.

monetary policy, with employment and inflation data driving short-term volatility.

Dollar Holds Steady

The U.S.

dollar traded mostly unchanged against major currencies after mixed economic signals.

A stable dollar typically influences gold prices, as the metal is priced in the U.S.

currency.

Recent data showed the U.S.

labor market began 2026 on a stronger-than-expected footing, with nonfarm payrolls increasing by 130,000 in January and the unemployment rate falling to 4.3%.

Initial jobless claims declined to 227,000.

Focus Turns to Inflation Data

Investors are now awaiting key inflation figures for further clues about the Federal Reserve’s interest rate path.

Higher-than-expected inflation could support the dollar and weigh on gold, while softer readings may revive rate-cut expectations.

Among other precious metals, platinum gained 1.7% to $2,033.15 per ounce, and palladium rose 1.4% to $1,639.99.

Market participants continue to monitor global economic trends and industrial demand for additional price direction.