Overnight trading saw significant gains for gold and silver. As of the close on February 13, Eastern Time, U.S. stock markets were mixed, with large-cap technology stocks declining and Chinese equities showing varied performance.

The Dow Jones Industrial Average edged up 0.1% to close at 49,500.93 points. The S&P 500 index rose 0.05% to finish at 6,836.17 points. The Nasdaq Composite Index increased 0.22%, ending at 22,546.67 points. For the week, all three major indices recorded cumulative losses. The Nasdaq fell 2.1%, the Dow declined 1.23%, and the S&P 500 dropped 1.39%.

In terms of sectors, major U.S. technology stocks retreated, with the index tracking the top seven tech giants falling 1.31%. Individual stocks such as NVIDIA and Apple dropped 2%, while Google, Microsoft, Amazon, and META also experienced declines. NVIDIA CEO Jensen Huang commented that despite concerns about potential over-spending by clients on data centers, current expenditure levels are reasonable and sustainable. He emphasized that artificial intelligence has become highly useful and powerful, with its applications achieving widespread adoption. Additionally, Huang dismissed the recent sell-off in software stocks attributed to AI, calling it "the most illogical thing in the world."

Tesla shares advanced 3.48%, while Microsoft and Apple also posted gains. Conversely, Amazon fell 5.62%, Google dropped 2.5%, and META declined 1.31%. Among chip stocks, Applied Materials surged over 8%, reaching a record high, and ON Semiconductor gained more than 2%. Memory-related stocks like Micron Technology and SanDisk closed lower.

Chinese stocks listed in the U.S. showed mixed results, with the Nasdaq Golden Dragon Index rising 0.14%. Popular Chinese ADRs included Tencent Music, which climbed over 4%, while Alibaba fell more than 2%. JD.com, Baidu, KE Holdings, and Li Auto each declined over 1%.

Spot gold prices increased 2.41% during the day, reaching a high of $5,046.261 per ounce and settling around $5,042.808. Gold's near-month contract rose 1.4% for the week, marking its eighth weekly gain in the past ten weeks. Spot silver broke through $79 per ounce, rising 2.81% intraday. Silver's near-month contract advanced 1.5% for the week, ending a two-week losing streak and achieving its eleventh weekly gain in the past fifteen weeks.

Antonio Di Giacomo of XS.com noted in a report that despite volatility in the precious metals market, demand for safe-haven assets remains robust, supporting the rise in gold and silver prices.