Gold, Silver Futures Trade Steadily on NY Mercantile Exchange - January 21, 2026

Gold and silver futures held steady during trading Wednesday on the New York Mercantile Exchange as investors weighed recent economic data and Federal Reserve policy outlook. Gold for February delivery closed flat at $2,034.50 per ounce, while March silver edged up 0.3% to $23.87 per ounce. Trading volume remained moderate, reflecting cautious market sentiment ahead of upcoming U.S. inflation reports. Analysts noted limited movement in precious metals, with gold remaining within its recent range between $2,020 and $2,040. Investor focus remains on the Federal Reserve's next interest rate decision, scheduled for early February, as real yields and the U.S. dollar continue to influence precious metals pricing. The dollar index was little changed Wednesday, providing minimal pressure on commodity prices.