World Gold Council – Gold Market Commentary, Feb 2026

Gold prices increased by 5% in February 2026, reaching US$5,222/oz and up 20% year-to-date.

Performance varied in other currencies due to currency fluctuations, with positive returns driven mainly by a weaker US dollar and lower 10-year US Treasury yields. Strong Asian buying and significant inflows into gold ETFs in North America and Asia supported the market, while Europe saw outflows. The medium-term downtrend in the US dollar is expected to resume, likely supporting further gold price increases.