Gold prices edged up today, February 12, 2026, following signals from the US, but remain volatile.

Gold prices rose slightly today, February 12, 2026, during trading in the US. The price of SJC gold bars remained unchanged, stable at 181 million VND per tael.

World gold prices today, February 12, 2026

At 10 PM on February 11th (Vietnam time), the spot gold price on the international market was $5,068 per ounce. Gold futures for March 2026 on the Comex New York exchange were at $5,079 per ounce.

After nearly a week of delay due to the partial shutdown of the US government, the US Department of Labor reported that the economy added 130,000 jobs in January, significantly higher than the consensus forecast of 66,000 jobs.

The unemployment rate fell to 4.3% from 4.4% in December, while analysts had previously expected it to remain flat.

Some experts believe that gold prices may struggle to attract new buying momentum, as the jobs report suggests the Federal Reserve (Fed) is not under pressure to cut interest rates anytime soon.

The Fed is currently maintaining a relatively neutral monetary policy stance, amid continued high inflationary pressures and a resilient labor market.

The Consumer Price Index (CPI) for January will be released Friday morning, with expectations of a 0.3% increase compared to the previous month and a 2.5% increase compared to the same period last year.

Gold prices remain relatively stable. Photo: Chi Hieu

The market is currently reflecting expectations that the Federal Reserve will cut interest rates at least twice this year, thereby providing general support for gold – a non-yielding asset.

White House economic adviser Kevin Hassett acknowledged on Monday that job growth could slow in the coming months due to unfavorable demographic factors. This development fuels expectations of further interest rate cuts, reinforcing the possibility of monetary easing later in the year.

The US dollar weakened slightly during the session, while crude oil prices rose to around $65.50 per barrel. The yield on 10-year US Treasury bonds is currently fluctuating around 4.1%.

In China, inflation in January rose by only 0.2% year-on-year, lower than the forecast of 0.4% and the lowest level since October. Food prices fell for the first time in three months, while non-food inflation also cooled.

Meanwhile, the producer price index (PPI) fell 1.4% year-on-year – the smallest decline in 18 months.

Domestic gold prices today, February 12, 2026

At the close of trading on February 11th, the price of SJC gold bars closed at 178-181 million VND/ounce (buy - sell), unchanged from the previous closing session. The price of SJC gold rings (1-5 tael) was listed at 177.5-180.5 million VND/ounce.

The price of plain gold rings at Bao Tin Minh Chau traded at 177.6-180.6 million VND/ounce, unchanged from the previous closing session.

The price of 9999 gold rings at Doji is trading at 177.5-180.5 million VND/ounce, unchanged compared to the previous closing session.

Gold price forecast

Christopher Gannatti, Global Research Director at WisdomTree, believes the sharp sell-off in gold on January 30th, after prices approached $5,600 per ounce, was most likely just a technical correction driven by positional factors and volatility.

Previously, gold prices had surged, reflecting not only increased macroeconomic concerns but also a sharp reduction in holding periods by investors. Fluctuations that typically occurred over several quarters were compressed into just a few days. After peaking around $5,595 per ounce on January 29th, gold quickly reversed course and fell below $5,000 in the following session, indicating that the upward momentum and speculative positions had been stretched too far.

Gannatti cited the nearly 9% drop in a single session in 2013 and the March 2020 sell-off when investors massively sold assets to meet cash needs. The common thread in these periods is that the market was forced to revalue crowded positions amid rapidly changing expectations regarding monetary policy, real interest rates, and the US dollar.

According to Gannatti, what matters is not how steep the drop is, but the subsequent developments in money flows and real interest rates, which will show whether this is merely a "liquidity dump" or a long-term structural change.

An analysis of the performance of major gold ETFs such as SPDR Gold Shares (GLD) and VanEck Gold Miners ETF (GDX) against the S&P 500 shows that despite the volatile session on January 30th, the year-to-date and one-year yield trends remain positive.

In the short term, gold prices are likely to continue fluctuating sharply in line with the movements of the US dollar, US bond yields, and Fed policy expectations. If upcoming economic data shows cooling growth and inflation, thereby reinforcing the possibility of a Fed interest rate cut this year, gold could soon regain upward momentum and aim to retest key resistance levels around its recent peak.

Source: https://vietnamnet.vn/gia-vang-hom-nay-12-2-2026-nhich-len-sau-tin-hieu-tu-my-vang-van-giang-co-2489985.html