Gold Prices Extend Surge Amid USD Weakness (GLD, XAU/USD)

Gold prices extended their upward trend on February 9, 2026, as the U.S. dollar weakened against major currencies. Spot gold rose to $2,341.50 per ounce, up 1.2% from the session's close, while gold futures hit $2,358.00, a 1.1% gain. The dollar index fell to 102.35, down 0.7% from Friday, reflecting risk-off sentiment and accommodative Fed policy expectations. ETF gold holdings, measured by the GLD share, added 0.8% in overnight trading, indicating continued safe-haven demand.