Gold Prices Surge 7.5% Amid Weaker Dollar (GLD, XAU/USD)

Gold futures rise 7.5% on February 9, 2026, as the U.S. dollar weakens against major currencies. The dollar index closed at 101.23, down 0.8% from 102.04 on February 8. Weak dollar conditions drive safe-haven demand, lifting prices for gold and silver. Benchmark gold for April delivery closed at $2,341.50 per ounce, up $17.20, while silver ended at $30.80 per ounce, up $0.40. Traders attribute the rally to expectations of accommodative U.S. monetary policy and geopolitical uncertainties.