{"id":41292,"date":"2026-02-09T14:49:32","date_gmt":"2026-02-09T06:49:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=41292"},"modified":"2026-02-09T14:49:32","modified_gmt":"2026-02-09T06:49:32","slug":"week-ahead-gold-and-dollar-rebounds-as-nfp-awaits","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/week_ahead\/week-ahead-gold-and-dollar-rebounds-as-nfp-awaits\/","title":{"rendered":"Week Ahead: Gold and Dollar Rebounds as NFP Awaits"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/Image_fx-2026-02-09T144600260-1024x559.jpg\" alt=\"\" class=\"wp-image-41304\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/precious-metals\/xauusd\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Gold (XAUUSD)<\/a> edged higher toward the $5,045 level during early Asian trading on Monday. The precious metal extended its rebound, supported by a softer US dollar and sustained buying interest from central banks. Market attention will turn to the delayed release of the US January employment report, scheduled for Wednesday.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">China&#39;s central bank buys gold for 15th consecutive month <a href=\"https:\/\/t.co\/eAxL6vXC31\">https:\/\/t.co\/eAxL6vXC31<\/a> <a href=\"https:\/\/t.co\/eAxL6vXC31\">https:\/\/t.co\/eAxL6vXC31<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2020091433907015985?ref_src=twsrc%5Etfw\">February 7, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Meanwhile, US Treasury Secretary Scott Bessent on Thursday declined to rule out the possibility of a criminal investigation into Kevin Warsh, President Donald Trump\u2019s nominee for Federal Reserve Chair, should Warsh ultimately refuse to cut interest rates. Ongoing concerns over the Fed\u2019s independence have continued to weigh on the Greenback, lending support to dollar-denominated commodities such as gold.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Kevin Warsh floated plenty of ideas for how he would run the Federal Reserve during his campaign for the job as chair. For Wall Street, few are as cryptic \u2014 or potentially consequential \u2014 as his call for a new accord with the Treasury Department. <a href=\"https:\/\/t.co\/0vbd3lOrOj\">https:\/\/t.co\/0vbd3lOrOj<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2020589657990316308?ref_src=twsrc%5Etfw\">February 8, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Nikkei surges to Record Highs as Japan&#8217;s PM Takaichi Wins Election<\/h3>\n\n\n\n<p>Japan\u2019s ruling party, under the leadership of Prime Minister Sanae Takaichi, is set for a decisive victory in Sunday\u2019s snap general election.<\/p>\n\n\n\n<p>According to projections compiled by public broadcaster NHK, the coalition led by Takaichi\u2019s Liberal Democratic Party (LDP) has secured 352 of the 465 seats in the House of Representatives, with the LDP itself winning an outright majority of 316 seats.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Japanese Prime Minister Sanae Takaichi&#39;s coalition won a landslide election victory, paving the way for her planned tax cuts that unsettled financial markets and increased military spending aimed at countering China <a href=\"https:\/\/t.co\/QKK1ISqsAd\">https:\/\/t.co\/QKK1ISqsAd<\/a> <a href=\"https:\/\/t.co\/68ES2pRHfg\">pic.twitter.com\/68ES2pRHfg<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/2020594734629056686?ref_src=twsrc%5Etfw\">February 8, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Japanese equities posted their strongest gains since April, after Prime Minister Sanae Takaichi\u2019s historic victory in Sunday\u2019s election fuelled expectations of increased government spending across key sectors.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Japanese stocks rallied in Tokyo as Prime Minister Sanae Takaichi\u2019s historic win in Sunday\u2019s election ignited expectations of more government spending for key industries, including defense and AI <a href=\"https:\/\/t.co\/JVOiDYZEb8\">https:\/\/t.co\/JVOiDYZEb8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/2020656029575336388?ref_src=twsrc%5Etfw\">February 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The Nikkei 225 surged by as much as 5.7% to a fresh record high of 57,337.07 by 10 a.m. local time, while the broader Topix index climbed up to 3.4% to reach a new peak. Gains were led by technology and machinery stocks, with several semiconductor equipment manufacturers jumping more than 10%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Symbols to Watch<\/h2>\n\n\n\n<p>XAUUSD | USDX | XAGUSD | SP500 | BTCUSD | ETHUSD<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"keyevents\">Upcoming Events<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Date<\/strong><\/td><td><strong>Currency<\/strong><\/td><td><strong>Event<\/strong><\/td><td><strong>Forecast<\/strong><\/td><td><strong>Previous<\/strong><\/td><td><strong>Analyst Remarks<\/strong><\/td><\/tr><tr><td>10 Feb<\/td><td>USD<\/td><td>Retail Sales<\/td><td>0.40%<\/td><td>0.60%<\/td><td>Weaker consumer activity could put pressure on Dollar<\/td><\/tr><tr><td>11 Feb<\/td><td>USD<\/td><td>Average Hourly Earnings m\/m<\/td><td>0.30%<\/td><td>0.30%<\/td><td>High wages would favour Warsh&#8217;s hawkish side<\/td><\/tr><tr><td>11 Feb<\/td><td>USD<\/td><td>Non-Farm Employment Change<\/td><td>70K<\/td><td>50K<\/td><td>A strong beat could seal Gold&#8217;s fate below $5,000<\/td><\/tr><tr><td>11 Feb<\/td><td>USD<\/td><td>Unemployment Rate<\/td><td>4.40%<\/td><td>4.40%<\/td><td>Rising rate could reinforce a softer Fed tone<\/td><\/tr><tr><td>13 Feb<\/td><td>USD<\/td><td>Core CPI<\/td><td>0.30%<\/td><td>0.20%<\/td><td>Higher inflation rate could resume rate hikes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>For a full view of upcoming economic events, check out VT Markets\u2019 <a href=\"https:\/\/www.vtmarkets.com\/economic-calendar\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Economic Calendar<\/a>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"keymove\">Key Movements of the Week<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Gold (XAUUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1872\" height=\"1031\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/956a12fe-5d75-498e-9155-648b27dc0423.png\" alt=\"\" class=\"wp-image-41305\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAUUSD found strong support at the 4650 level.<\/li>\n\n\n\n<li>If bullish momentum holds, it could head toward the 5070 resistance level.<\/li>\n\n\n\n<li>A breakout of the 5070 resistance level could mean higher prices.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Silver (XAGUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"652\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-6-1024x652.png\" alt=\"\" class=\"wp-image-41303\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>XAGUSD found support at the 65 level.<\/li>\n\n\n\n<li>Buyers could be pushing Silver back to the 91 level.<\/li>\n\n\n\n<li>Upcoming NFP data is crucial for Silver&#8217;s movements.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">U.S. Dollar Index (USDX)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"653\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-5-1024x653.png\" alt=\"\" class=\"wp-image-41300\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USDX surges past and has retested the 97.2 level.<\/li>\n\n\n\n<li>USDX fails trade higher than the 97.85 resistance level.<\/li>\n\n\n\n<li>97.85 resistance level is crucial for USDX, upcoming CPI could decide USDX&#8217;s movements.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>USDJPY<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"652\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-4-1024x652.png\" alt=\"\" class=\"wp-image-41299\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>USD\/JPY rejects trading higher facing 157.600 resistance level<\/li>\n\n\n\n<li>USD\/JPY currently trades above 156.000 support level<\/li>\n\n\n\n<li>If USD\/JPY fails to hold above 156.000 it could seek for previous lows<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin (BTCUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"653\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-3-1024x653.png\" alt=\"\" class=\"wp-image-41294\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin traded below $60,000 but has quickly rebounded.<\/li>\n\n\n\n<li>The current $70,000 level is crucial for Bitcoin as it has failed to break it several times.<\/li>\n\n\n\n<li>Current condition for Bitcoin is still very bearish; it could still retest the $60,000 level.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Ethereum (ETHUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"652\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-2-1024x652.png\" alt=\"\" class=\"wp-image-41293\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ethereum traded to a low of $1750 but has rebounded above $2,000.<\/li>\n\n\n\n<li>Ethereum is testing the resistance level priced at $2,000.<\/li>\n\n\n\n<li>The next resistance level is priced at $2,400 if buyers strengthen.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Bottom Line<\/h2>\n\n\n\n<p>Expectations of deeper interest rate cuts by the US Federal Reserve in 2026, reinforced by signs of weakness in the US labour market, have emerged as another factor supporting the non-yielding yellow metal.<\/p>\n\n\n\n<p>Meanwhile, the White House stated that diplomacy remains US President Donald Trump\u2019s preferred approach in dealing with Iran, while cautioning that military options remain on the table.<\/p>\n\n\n\n<p>This keeps geopolitical risks elevated and continues to underpin safe-haven demand for gold.<\/p>\n\n\n\n<p>Further support comes from renewed US Dollar selling, which provides an additional lift to precious metals. However, expectations that incoming Fed Chair Kevin Warsh may adopt a less dovish stance could limit gold\u2019s upside, suggesting some caution is warranted before positioning for further gains.<\/p>\n\n\n\n<p><strong>Create a live <a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets account<\/a> today to access our platform features, including market insights and educational content.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold is clawing back toward the $5,000 mark as investors digest the Fed&#8217;s new commitment to balance sheet expansion.| VT Markets<\/p>\n","protected":false},"author":64,"featured_media":41304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[32],"class_list":["post-41292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-week_ahead","tag-analysis"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/41292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=41292"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/41292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/41304"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=41292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=41292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=41292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}