Gold rises over 1% as US Treasury yields fall

February 2026 gold futures rose 1.15% to $4,378.4 an ounce.

Gold prices climbed in the first session of the week, amid important U.S. economic data on the labor market and a decline in US Treasury yields.

On Monday, February 2026 gold futures rose 1.15%, or $50.1, to $4,378.4 an ounce.

Spot gold increased 1% to $4,344.44 an ounce, while spot silver gained around 1.95% to $63.18 an ounce.

The US dollar index, which measures the currency’s performance against a basket of six major currencies, was largely unchanged at 98.37 points at 9:15 a.m. Mecca time, after dipping to 98.32.

March 2026 silver futures edged up 0.1% to $63.36 an ounce. Spot platinum jumped 2.55% to $1,792.13 an ounce, while spot palladium rose 2.65% to $1,533.21.

While financial markets currently price in two interest rate cuts in the US next year, the monthly jobs report, due Tuesday, is seen as a key test of these expectations, along with other data on inflation, retail sales, and the labor market this week.