Ahead of Two High-Stakes Negotiations, Precious Metals Prices Continue to Drop
BlockBeats News, February 17th: During the Chinese New Year holiday market closure, precious metals continued to decline. Spot gold once fell to the $4860 per ounce level, down about 2.6% intraday, after falling 1% the previous trading day; spot silver plummeted over 4% intraday, dropping below the $73 level.
Market sentiment was influenced by expectations of geopolitical negotiations. U.S. President Trump stated that he would participate "indirectly" in the U.S.-Iran nuclear talks in Geneva and said that Iran is willing to reach an agreement; at the same time, the third round of Russia-U.S.-Ukraine talks may focus on territorial issues. Analysts pointed out that if the diplomatic situation eases, funds may flow into risk assets, suppressing safe-haven demand.
DHF Capital CEO Bas Kooijman stated that the cautious optimism brought by the negotiations weakened safe-haven buying. City Index analyst Fawad Razaqzada pointed out that if the gold price continues to operate below $5000, the short-term downside risk will increase, potentially further dampening bullish sentiment. KCM analyst Tim Waterer believes that in the context of global tight liquidity, gold currently lacks a strong catalyst in the short term and may need to wait for the U.S. dollar to weaken further.
Previously, speculative buying had pushed gold prices to near the historical high of $5600, but then fell sharply to around $4400 in the following two days, maintaining recent volatility.
Several investment banks still maintain a long-term bullish view. Institutions including BNP Paribas, Deutsche Bank, and Goldman Sachs believe that geopolitical risks, the controversy over the Fed's independence, and the global de-dollarization trend will continue to support the gold price. Credit Suisse analysts have raised their 2026 gold price expectation from $4200 to $5000, believing that inflation and U.S. dollar devaluation remain core macro drivers.
You may also like

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Every exchange is a "Universal Exchange."

The counterattack of traditional finance: Alliance chains are quietly reviving

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.

Curve Deploys Llamalend v2 on Optimism With 250,000 OP Incentives
Curve launched Llamalend v2 on Optimism with 250,000 OP incentives from the Optimism Foundation. The upgrade expands Llamalend beyond its earlier crvUSD-focused model, adding broader collateral support, LlamaRisk market reviews, and the ability to use Curve LP tokens as collateral.
