Gold News update (Feb 17, 2026)

Spot gold took a sharp step down today, trading around $4,880 per oz after a 2%+ drop.

In Pakistan, 24K is ~PKR 514,762 per tola, down PKR 9,000 on the day.

What moved it

✅ Risk premium cooled as headlines pointed to progress in U.S. and Iran talks, reducing safe-haven demand.

✅ Stronger U.S. dollar added pressure by making gold pricier for non-USD buyers.

Market is watching Federal Reserve minutes and upcoming inflation data for rate-cut timing signals.


🔵 Quick levels to watch

Support zone: ~4,840

Resistance zone: ~5,000

Not financial advice. Just the tape and the drivers.

#GOLD_UPDATE
$XAU

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