Gold and Silver futures moved higher on February 11, 2026, driven by a combination of geopolitical factors and steady central bank activity. The market reacted to the U.S. Bureau of Labor Statistics report showing 130,000 jobs added in January, which was significantly above the 55,000 consensus estimate. The unemployment rate also edged lower to 4.3%. Following the data, interest rate cut expectations for the March meeting shifted to a 7.9% probability, down from 21.6% prior to the release. In the base metals complex, Copper futures jumped above $6 following reports from China regarding a government strategy to raise the share of electricity trade to 70% of total consumption by 2030. Silver futures also saw a 3% increase as volatility in the sector continued to moderate.