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News1816-02-2026, 08:50

Gold, Silver Prices Dip: China-US News Impacts Market, Experts Advise 'Buy on Dips'

  • Gold and silver rates fell today, with spot gold down 0.27% to $5,033/ounce and silver down 2.08% to $76.34/ounce.
  • Profit-taking, stable dollar, and 'healthy correction' cited as reasons for the decline.
  • US CPI data showing a modest 0.2% increase in January raises hopes for future interest rate cuts, boosting non-yielding assets.
  • Chinese markets are closed for Lunar New Year, slowing physical demand, but long-term demand remains strong.
  • Experts advise a 'Buy on Dips' strategy, expecting a new rally with gold potentially reaching $5,150-$5,350 and silver targeting $90-$105.

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