Galaxy Futures: Market Sentiment Stabilizes, Gold and Silver Rebound

K-LinePoet · 2026-02-10T17:02:49+00:00

Last Friday night, U.S. stocks rose, the US dollar weakened, and gold and silver prices rebounded. The People's Bank of China continued to increase its gold reserves, boosting market confidence. The US Treasury Secretary pointed out that the decline in gold prices was caused by speculative selling. Recent volatility has been driven by sentiment and risk release, but the medium- to long-term bullish environment still exists. The market is closely watching upcoming important economic data releases.

K-LinePoet

2026-02-10 17:02:49

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Starting last Friday evening, market sentiment warmed, U.S. stocks surged, the dollar weakened, and gold and silver prices recovered from previous pessimism and strengthened accordingly. Subsequently, over the weekend, the People’s Bank of China announced its 15th consecutive month of increasing gold reserves. At the same time, U.S. Treasury Secretary Yellen also pointed out that the recent decline in gold prices was mainly driven by speculative selling. These factors collectively boosted market confidence in precious metals assets represented by gold. As we emphasized earlier, recent price fluctuations are more due to sentiment and risk release following rapid price surges, while the macro bullish environment supporting the medium- and long-term trends of gold and silver remains intact. This week, a series of important data including U.S. retail sales, non-farm payrolls, and CPI will be released, but with the Chinese New Year approaching, it is advisable to participate with light positions or stay on the sidelines. (Galaxy Futures)

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