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Gold Higher Even As Yields And Dollar Rise As U.S. Adds More Jobs Than Expected In January

BY MT Newswires | TREASURY | 02/11/26 08:58 AM EST

08:58 AM EST, 02/11/2026 (MT Newswires) -- Gold rose early Wednesday, firming above the US$5,000 mark even as treasury yields and the dollar climbed after the United States reported it added more new jobs than expected in January.

Gold for March delivery was last seen up US$33.00 to US$5,064.00 per ounce.

The U.S. Bureau of Labor Statistics reported the country added 130,000 new jobs in January, up from 48,000 a month earlier and well ahead of the consensus estimate for a rise of 55,000 positions according to Marketwatch.

The rise counters employment data released last week, which showed slowing private-sector hiring and fewer job openings. The positive result also comes a day after a report showed retail sales were stagnant in December.

"Weak US retail sales reinforced expectations of Fed rate cuts, pushing the dollar and US Treasury yields lower ahead of today's delayed January payrolls report. Technical resistance is seen near USD 5,090, and a break above could open for a move toward USD 5,140, the 61.8% retracement of the recent correction," Saxo Bank noted.

Treasury yields spiked following the jobs report. The U.S. two-year note was last seen paying 3.535%, up 7.1 basis points, while the yield on the 10-year note was up 4.6 points to 4.194%. The dollar also rose, with the ICE dollar index last seen up 0.16 points to 96.95.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

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