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Gold trims gains, but support at $5,000 holds
The spot gold price trimmed its gains in today’s trading, sending the yellow metal into losses for the second consecutive week. The slowdown in the dollar and oil allowed the safe-haven asset to catch its breath, with the $5,000 per ounce support level still holding firm.
[Source: Kitco news]
Gold consolidates above $5,100
The safe-haven asset faced a day of corrections, settling above $5,100 per ounce. This strengthening was useful for relieving pressure from short-term support, even if there is still no concrete upward momentum. Precious metals are moving in a market of decreasing volatility, although the risk of upsetting the balance remains high.
[Source: Milano Finanza]
Chinese central bank: the Dragon’s treasure continues to grow
China’s demand for gold continues unabated, with the country further increasing its gold reserves in February 2026. This is the 16th consecutive month of replenishment, bringing the Asian giant’s stocks to 74.22 million troy ounces (at the end of January, the total stood at 74.19 million).
[Source: Websim]
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