【越南】Metal Market on February 13: Gold Price Reaches $4,987 per Ounce, Strong Divergence Seen in Industrial Sector

On February 13, 2026, a clear divergence was observed in the global metal market. While precious metals led by gold continued their impressive upward momentum, industrial metals and steel-making raw materials saw short-term declines due to demand pressures in major economies.

The most positive trend in the market was seen in gold. The global gold price was recorded at $4,987.86 per ounce, a slight increase compared to the previous week. Notably, the price of this commodity has risen by 15.42% since the beginning of the year and by 73.08% compared to the same period in 2025. According to analysts, this sustained increase reflects investor caution amidst persistent global economic risks.

In contrast, silver and platinum are under short-term profit-taking pressure. The silver price is currently $77.091 per ounce, down 17.30% from the previous month. Similarly, platinum prices have also fallen by 14.66% this month, although both commodities have recorded triple-digit gains over the year.
Regarding base metals, copper prices saw a slight decline of 0.79% compared to the previous week and are trading at around $5.8342 per pound. However, the medium-term outlook for copper remains positive, with the potential for an increase of over 26% on an annual basis.
In the Chinese market, prices of construction-related commodities such as steel and iron ore continued to decline. Steel prices fell to 3,046 Chinese yuan per ton, while iron ore prices dropped by 1.42% compared to the previous week. The main reason is the lack of clear signs of improvement in domestic production and construction demand. In contrast to China, the international market saw a good increase in hot-rolled coil (HRC) prices, reaching $980.05 per ton, a 4.82% increase since the beginning of this year.

Divergence was also seen in the group of metals used in energy transition. Despite a 1.04% drop in lithium this week, the medium-term recovery trend remains intact with a year-on-year increase of 20.25%. In contrast, silicon prices continued to decline due to oversupply pressure and are currently down 23.81% year-on-year.
Below is a detailed summary table of price fluctuations for major metal commodities as of February 13, 2026:
| Metal | Price | 1 Week Ago | 1 Month Ago | Since Start of Year | 1 Year Ago |
| :— | :— | :— | :— | :— | :— |
| Gold (USD/t.oz) | 4,987.86 | +0.35% | +7.73% | +15.42% | +73.08% |
| Silver (USD/t.oz) | 77,091 | -1.20% | -17.30% | +8.11% | +139.75% |
| Copper (USD/Lbs) | 5.8342 | -0.79% | -3.63% | +2.70% | +26.18% |

| Steel (CNY/T) | 3,046.00 | -0.29% | -3.12% | -1.62% | -4.99% |
| Lithium (CNY/T) | 142,500.00 | -1.04% | -10.66% | +20.25% | +86.40% |
| Iron Ore CNY (CNY/T) | 762.50 | -1.42% | -6.56% | -3.42% | -7.41% |
| Platinum (USD/t.oz) | 2,036.00 | -3.02% | -14.66% | -1.64% | +103.67% |
| HRC Steel (USD/T) | 980.05 | +1.04% | +4.37% | +4.82% | +27.61% |
| Iron Ore (USD/T) | 100.37 | -0.65% | -6.98% | -6.31% | -5.99% |
| Silicon (CNY/T) | 8,225.00 | -2.66% | -5.08% | -6.27% | -23.81% |
Overall, the metal market is undergoing a phase of cash flow restructuring. Investors are prioritizing the safety of precious metals, while the industrial metals sector awaits clear signs of economic recovery in the Asian region.