The post Gold dips 1% as US Dollar firms, mixed US data and calm geopolitics weigh appeared on BitcoinEthereumNews.com.

Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength keep XAU/USD trading with losses at around $4,901 at the time of writing. XAU/USD pulls back from three-day highs as calmer geopolitics and resilient US data weigh on safe-haven demand The yellow metal erased some of its earlier gains even though the latest round of US jobs data showed signs of weakness. At the same time, business activity in the services sector remained solid, yet showed mixed readings in the PMI’s sub-components of employment ─edging lower─ and the Price Index rising. On the geopolitical front, a positive call between US President Donald Trump and his Chinese counterpart Xi Jinping keeps tensions calm between Washington and Beijing. In the meantime, Iran and the US are poised to begin talks in Oman on Friday as tensions escalated after the US military shot down an Iranian drone approaching an aircraft carrier in the Arabian Sea on Tuesday. The short US government shutdown delayed the January Nonfarm Payrolls report until February 11, revealed the US Bureau of Labor Statistics (BLS). Worth noting that US Treasury Secretary Scott Bessent reiterated the strong US Dollar policy is in the interests of Washington, while adding that “tariff inflation was the dog that didn’t bark.” Ahead this week, the US economic docket will feature the US JOLTS job openings and the release of jobless claims for the week ending January 31. Daily market movers: Broad US Dollar strength, steady US yields weigh on Gold Gold is losing its shine due to overall US Dollar strength, with the US Dollar Index (DXY) rising 0.31% at the time of writing. The DXY, which measures the performance of six currencies against…

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Filed under: News - @ February 4, 2026 7:22 pm