19-Feb-2026      14:38

Gold rebounds sharply amid Fed split and Dollar pullback

Gold futures climbed above $5,000 per ounce on Thursday, extending a strong rebound of over $100 from the previous session as investors focused on upcoming US PCE inflation and GDP data for cues on Federal Reserve policy. The dollar index eased slightly to 97.5 after a prior-session surge, while Fed minutes from January revealed a split among officials'some favored pausing rate cuts for now, others supported maintaining a two-sided outlook that could allow future hikes or easing. In domestic markets, MCX April 2026 gold futures gained over ₹1,000 to ₹156,935 per 10 grams, recovering sharply from this year's low of ₹137,000.

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