World gold prices reached $5,054.82 per ounce, with the industrial metals market showing mixed performance.

The metals market on February 11th saw a steady upward trend in precious metals, while raw materials such as steel and lithium faced downward pressure.

The global metals market on February 11th witnessed a clear divergence between precious metals and industrial metals. While gold continued its strong upward trend from the beginning of the year, many commodities linked to the production cycle, such as steel, iron ore, and energy metals, remained under pressure for correction due to demand recovery not meeting expectations.

World metal price trends on February 11, 2026

The group of precious metals maintains its popularity.

Precious metals continued to be a bright spot in the market as safe-haven flows remained stable amid global financial volatility. Gold prices reached $5,054.82 per ounce, up 0.62% from the previous week and nearly 10% year-to-date. Compared to the same period last year, this commodity has grown by 17.04%.

Silver recorded a weekly gain of 2.31%, reaching $82.643 per ounce. However, it is still down 6.25% from the previous month, reflecting the tug-of-war between safe-haven assets and industrial demand. Similarly, platinum rose more than 2% last week but is still down nearly 10% from the beginning of the year.

Pressure on base metals and raw materials

Base metals, notably copper, recorded a slight weekly gain of 0.30% to $5.9310 per lb. Despite a slight improvement in short-term manufacturing expectations with a 1.38% monthly increase, copper prices are still down 1.67% year-to-date.

The steel and iron ore markets continue to face significant pressure. In the Chinese market, steel prices traded in yuan (CNY) fell slightly by 0.10% this week and are down 2.62% year-to-date. Iron ore also recorded a negative trend, with prices in CNY falling by 6.50% and prices in USD falling by nearly 6.85% year-to-date. A rare bright spot in this group is hot-rolled coil (HRC), which maintained its upward momentum with a 3.39% year-to-date increase thanks to improvements in the export market.

Energy metals and technology are weakening.

The group of metals used in technology and energy saw unfavorable developments. Lithium, although slightly higher by 0.37% this week to 136,000 CNY/tonne, has fallen by more than 11% compared to the previous month and by over 10% year-to-date. This reflects the pressure of oversupply and signs of slowing demand for electric vehicle batteries.

Silicon continued its downward trend across most timeframes, recording a 4.61% decrease year-to-date. Meanwhile, titanium was the most stable commodity, showing no weekly or monthly fluctuations, maintaining a slight increase of 1.11% year-to-date.

Price list of metal products as of February 11, 2026

Metal	Price	Unit	Changes since the beginning of the year
Yellow	5,054.82	USD/t.oz	+9.94%
Silver	82,643	USD/t.oz	-2.93%
Copper	5.9310	USD/Lbs	-1.67%
Steel	3,049.00	CNY/T	-2.62%
Lithium	136,000	CNY/T	-10.53%
HRC steel	975.00	USD/T	+3.39%
Iron ore	100.84	USD/T	-6.85%

Overall, the global metals market shows a clear preference among investors for safe-haven assets like gold. Conversely, the challenging global economic outlook is putting pressure on metals closely linked to construction and heavy industrial manufacturing.

Source: https://baolamdong.vn/gia-vang-the-gioi-dat-505482-usdounce-thi-truong-kim-loai-cong-nghiep-phan-hoa-423993.html