Ahead of Two High-Stakes Negotiations, Precious Metals Prices Continue to Drop

By: theblockbeats.news|2026/02/17 14:04:37
0
Share
copy

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

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

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

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

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

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

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

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

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

How to reconstruct the prediction market using leverage?

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

The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com