On February 12, Beijing time, international gold prices declined shortly after the market opened.

As of 7:26, COMEX gold futures fell 0.13% to $5,091.8 per ounce, after reaching a high of $5,123 per ounce earlier in the session. Spot gold dropped 0.29% to $5,069.52 per ounce, having touched a peak of $5,100 per ounce after opening. Spot silver fell by more than 1% at one point during trading.

Market sentiment was influenced by stronger-than-expected U.S. non-farm payrolls data, which showed the largest increase in over a year. This led traders to push back expectations for the Federal Reserve to resume interest rate cuts to July.

In other news, former U.S. President Donald Trump posted on his social media platform Truth Social on February 11, stating that he had held a meeting with Israeli Prime Minister Benjamin Netanyahu and several representatives. Trump described the meeting as very successful, noting that the strong relationship between the two countries continues.

He mentioned that no specific decisions were reached, but he emphasized the importance of continuing negotiations with Iran to reach an agreement. Trump indicated that he informed Netanyahu that if a deal can be achieved, it would be the preferred option; otherwise, they would have to wait and see. He expressed hope that Iran would act more rationally and responsibly this time.