Gold Weekly Report (XAUUSD): 2026-02-02–2026-02-09 | Central Bank Buying

1) Weekly snapshot

Week window: 2026-02-02–2026-02-09. Last reported price in the dataset: 5,007.67 at Mon, 09 Feb 2026 04:10 UTC.

2) Price action & OHLCV

Weekly summary (Mon–Fri): Range: 4,401.58→5,091.71, close 4,959.84 vs open 4,853.80, volume 11,337,611 (Computed from last completed Monday–Friday UTC).

Daily extremes (illustrative)

High‑week candle — Mon, 09 Feb 2026 04:10 UTC: O 4,945.89, H 5,091.71, L 4,849.57, C 4,964.61, V 1,850,010 (midweek peak reflected strong dip‑buying and central‑bank bids).

Low‑week candle — Mon, 09 Feb 2026 04:10 UTC: O 4,853.80, H 4,884.39, L 4,401.58, C 4,658.78, V 3,142,821 (early-week washout tested the 4,400s then found support).

3) Macro drivers: USD & yields

The US Dollar Index showed intraweek strength into midweek highs then eased to about 97.33 by the last available print, removing some immediate USD pressure on XAUUSD. U.S. Treasuries saw intraweek repricing: 5‑year yields pulled back to ~3.76% after earlier intraday peaks while the 10‑year eased to ~4.21%, a backdrop consistent with episodic short‑covering in gold rather than a sustained risk‑off bid. In short, DXY and yields moved from brief strength to modestly softer levels, which supported a corrective rally in bullion late in the week.

4) Calendar & catalysts

Key scheduled and headline catalysts this week included the Japanese General Elections (marked HIGH volatility in the dataset — Japan snap election), continued central‑bank buying headlines and a disrupted US data calendar (Nonfarm Payrolls and CPI were rescheduled). These items contributed to episodic volatility and event‑driven flows into and out of XAUUSD during the week.

5) News themes (compressed)

Dataset themes: persistent central‑bank purchases (PBOC extended buying), large private accumulation via Tether (audited Q4 inflows), Fed leadership chatter (Kevin Warsh nomination) and US data disruptions that delayed NFP/CPI releases. Secondary themes included metal‑specific weakness in silver, sharp crypto volatility and commentary about retail/speculative flows raising gold’s short‑term volatility. News stats in the feed sample showed 20 items extracted (from 196 rows) with 7 bearish, 7 bullish and 6 neutral pieces, reflecting a mixed market narrative. Concentration risk from large private holders and the potential for a USD/yields rebound were highlighted as key risk factors.

6) What to watch next week

Practical trader takeaways: monitor the resumed US macro calendar (NFP/CPI) closely for any USD/yields repricing signals; watch for follow‑through in central‑bank gold purchases and Tether flows that can bias order flow. Trade structure over direction — prefer risk‑defined entries around confirmed support/resistance and liquidity clusters given elevated headline risk. Use correlation with DXY and 5y/10y moves for confirmation before adding directional exposure, and manage position size against potential fast moves from data releases or concentrated holder adjustments.

7) Conclusion

Gold displayed a wide intraweek swing driven by dip buying, official purchases and a choppy macro backdrop; discipline around structure and liquidity is advisable heading into resumed US data and ongoing central‑bank flows. For tools to help execute and monitor setups, consider using Trade Assistant Bot and the Forex Trading Bot, and find more research at PlayOnBit.