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PRECIOUS-Gold largely flat as dollar strength keeps pressure on prices

ReutersFeb 25, 2026 1:32 AM

- Gold prices were broadly unchanged on Wednesday, after falling more than 1% in the previous session, as the dollar held on to recent gains and made greenback-priced metals more expensive for overseas buyers.

FUNDAMENTALS

Spot gold XAU= held its ground at $5,146.18 per ounce by 0054 GMT, after hitting a more than three-week high in the previous session. The metal had fallen more than 1% on Tuesday after touching that peak in early Asian trade.

U.S. gold futures GCcv1 for April delivery were down 0.2% at $5,165.10.

The U.S. dollar index .DXY rose 0.02%, extending a 0.14% gain from the previous session. USD/

The United States began collecting a temporary new 10% global import tariff on Tuesday, but Washington was working to increase it to 15%, a White House official said, sowing confusion over U.S. President Donald Trump's tariff policies after the Supreme Court defeat last week.

Two U.S. Federal Reserve officials signaled no near-term appetite to change the setting of central bank interest rate policy.

Global shares rose after San Francisco-based startup Anthropic unveiled 10 new ways for business customers to use its AI plugins, which revived enthusiasm that AI would boost profits for businesses including in investment banking, human resources and engineering. MKTS/GLOB

In geopolitics, Iran and the U.S. are set to hold a third round of nuclear talks on Thursday in Geneva, Oman's Foreign Minister Badr Albusaidi said.

Spot silver XAG= dipped 0.2% to $87.13 per ounce, after hitting a more than two-week high on Monday.

Spot platinum XPT= edged 0.1% higher to $2,169.59 per ounce, while palladium XPD= added 0.2% to $1,772.45.

DATA/EVENTS (GMT)

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Germany GDP Detailed QQ SA Q4

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Germany GDP Detailed YY NSA Q4

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EU HCIP Final MM, YY January

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