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SWX:BAER.SW 16 January 2026 - 5 February 2026

Gold price slips from record highs as U.S. data lifts dollar, Fed meeting looms

Gold price slips from record highs as U.S. data lifts dollar, Fed meeting looms

Gold prices dipped again on Friday, following a slide from the day before as robust U.S. economic data boosted the dollar and cooled appetite for safe-haven assets. Spot gold dropped 0.3% to $4,603.02 an ounce by 0918 GMT. Meanwhile, February U.S. gold futures slipped 0.4% to $4,606.70. “There was a lot of momentum in the market, which seems to have faded slightly,” said Julius Baer analyst Carsten Menke.
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