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Gold Prices Dip Amid Strong Dollar and Rate Hike

2/18/2026

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Story summary
  • Gold prices fell 1% on February 17, 2026 due to thin Lunar New Year trading and a stronger U.S. dollar.
  • Spot gold dropped to $4,947.98 per ounce.
  • U.S. gold futures for April delivery decreased by 1.6% to $4,966.80.
  • The Reserve Bank of Australia raised its cash rate by 25 basis points to 3.85%, citing inflation risks.