| 16 Feb 2026 14:57 | | Gold steadies near $5,030 as dollar softens | | | Gold futures recouped earlier losses to trade near $5,030 per ounce, finding support from a softer US dollar amid holiday-thinned trading. The dollar index hovered below 97 as subdued US inflation data reinforced expectations that the Federal Reserve may begin easing policy later this year. US headline inflation slowed to 2.4% last month, helping gold secure a second consecutive weekly gain and underpinning medium-term rate-cut expectations. In domestic trade, April gold futures on the MCX slipped below Rs 155,000 per 10 grams, easing by Rs 441. Investor focus now shifts to the release of FOMC meeting minutes, the US advance GDP estimate, and PCE inflation data for clearer signals on the timing of policy easing. Geopolitical developments, including renewed US-Iran nuclear talks and negotiations aimed at ending the war in Ukraine, also remain firmly in focus.
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