Transocean to Acquire Valaris in $5.8 Billion -2-

0802 GMT - Gold is likely to trade within a range amid a packed schedule for U.S. data releases this week, says Pepperstone's Dilin Wu in a note. Geopolitical uncertainty, sustained central-bank buying and a temporarily weaker dollar are likely to collectively provide support, the strategist says. However, a lack of fresh catalysts among other factors are likely to constrain the yellow metal's upside. The market is currently in a high-frequency volatility mode, driven by economic data, policy signals and geopolitical news, he notes. The U.S.'s nonfarm payrolls and consumer-price index reports due this week could serve as triggers for near-term volatility, he adds. "For traders, managing position size is more important than betting on direction," he says. Spot gold gains 0.8% to $5,006.48 a troy ounce. (megan.cheah@wsj.com)

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Gold Bulls Gaining Strength, Technical Analysis Shows -- Market Talk

0727 GMT - Gold bulls are likely gaining strength, based on technical analysis, RHB Retail Research's Joseph Chai says in a report. Comex gold futures' latest positive price action on the daily chart saw the commodity cross above the 20-day simple moving average, the analyst notes. Premised on the renewed bullish momentum, the precious metal could rise beyond the $5,090/oz resistance, the analyst says. A breakout above this level would lead to a further strengthening toward $5,500/oz, Chai says. For now, RHB Retail Research maintains a bearish trading bias for the commodity until $5,090/oz is breached. Spot gold is 1.0% higher at $5,016.74/oz. (ronnie.harui@wsj.com)

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Iron Ore Edges Lower Amid Slowing Chinese Demand -- Market Talk

0220 GMT - Iron ore edges lower in early Asian trading, with the most-traded iron-ore contract on the Dalian Commodity Exchange down 0.1% at 764.00 yuan a ton. China demand is slowing, as stockpiles at Chinese ports continue to accumulate with the industry entering a seasonal shutdown heading into the Lunar New Year holidays, ANZ Research analysts say in a note. Meanwhile, exporters including Australia and Brazil have also been ramping up supply, with Brazil's Vale announcing last week it delivered a record level of iron ore in 2025, ANZ adds. (jason.chau@wsj.com)

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(END) Dow Jones Newswires

February 09, 2026 10:22 ET (15:22 GMT)