Mixed US macro data and Fed commentary keeping bullion volatile
Gaurav Garg,
Research Analyst
Lemonn Markets Desk
Mumbai, 19 February 2026: Gold and silver remained under pressure on 19 February as investors stayed cautious amid a stronger dollar and shifting expectations around US interest-rate cuts. MCX gold traded near the Rs1.55–1.56 lakh per 10g zone, while silver hovered around Rs2.43–2.45 lakh/kg after recent sharp swings. Global cues continue to drive sentiment, with mixed US macro data and Fed commentary keeping bullion volatile. Profit-booking after last year’s strong rally is still visible, though downside is being cushioned by safe-haven demand and central bank buying. Overall, the current weakness is being seen as consolidation rather than a trend reversal. Investors are advised to stagger fresh positions and maintain disciplined risk management in choppy conditions.
