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Asian Shares Trade Higher Ahead of Lunar New Year Holidays and Gold Prices Fall

Asian equities rose with subdued trading ahead of Lunar New Year as gold fell 1.1% to $4,994.60 per ounce amid easing US inflation and Japan's weak GDP growth.

  • Trading was thin, as Chinese, South Korean, and Taiwanese markets were closed for the Lunar New Year holidays.
  • Prices of precious metals like gold and silver fell, with gold slipping below $5,000 per ounce.
  • Markets priced in a higher probability of deeper Federal Reserve rate cuts this year, driving real yields lower and supporting gold demand, according to Standard Chartered.
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Trump's statements and the Chinese Lunar New Year also contributed to the decline in the price of the precious metal.

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KARE broke the news in Minneapolis, United States on Sunday, February 15, 2026.
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