Why did gold fall below $4,900 during the Lunar New Year holiday?

Liquidity thinned with China’s markets closed for the Lunar New Year holiday, which reduced physical demand and widened spreads. In that quieter backdrop, a stronger dollar and lighter Comex longs limited dip-buying and let prices drift lower. Without robust Asian participation, bids lacked follow-through. As liquidity returns midweek, direction will hinge on the dollar, US yields, and the tone of the Fed minutes.

How does a stronger dollar affect GLD stock today?

Gold is priced in dollars, so when the dollar strengthens, it raises the metal’s cost for non‑US buyers and often weighs on demand. That pressure usually bleeds into GLD, which tracks bullion less fees. If the dollar eases, gold’s appeal can improve and GLD may stabilize. For short-term moves, monitor the DXY, US real yields, and rate expectations into the Fed minutes.

What technical levels matter most for GLD stock today?

Our dashboard flags the Bollinger middle band near 456.60 and the Keltner center near 451.66 as key reference pivots. RSI at 56.07 is neutral, ADX at 37.30 signals a strong trend, and the MACD histogram at -1.81 shows fading momentum. ATR at 15.00 suggests active ranges. Holding above those midlines favors tests toward upper bands; below them, sellers keep control.

What should investors watch in the Fed minutes for gold and GLD?

Focus on the committee’s balance of risks around inflation, growth, and the pace of rate cuts. Any language implying sticky inflation or a slower easing path can lift real yields and the dollar, which tends to pressure gold and GLD. A more dovish tone, or concern about growth, could soften yields and support bullion. Markets will key off any shift in policy timing.

Global Market Insights

GLD Stock Today: Holiday Lull Sends Gold Below $4,900 – February 17

ByHuzaifa Zahoor February 17, 2026February 17, 2026

GLD stock today is under pressure after the gold price today fell below $4,900 in thin Asia trading during the Lunar New Year holiday. A firmer dollar and softer Comex longs cooled safe-haven demand, setting a cautious tone for US hours. We expect GLD to mirror bullion while traders await Wednesday’s Fed minutes for policy cues. With liquidity normalizing later this week, intraday moves should track the dollar, real yields, and any macro headlines that shift rate expectations.