Kabutaki Takaaki "Weekly Gold Price Outlook" February 16, 2026 issue

The president and representative director of Investment Daily Co., Ltd., and a master of cycle analysis,

Kayama Takaki (Takaki Kabutoki) writes the weekly report on precious metal outlook.

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Last week’s New York gold market (near-month) closed at 5,046.30 per ounce, up 66.50 from the previous week. The high was 5,144.50, the low 4,900.00, but it still remained in the 5,000 range.

The January US Consumer Price Index (CPI) released on the 13th rose 2.4% year over year (market expectation 2.5%), with a 0.2% increase from the previous month; both measures slowed from the prior month. Excluding volatile food and energy, the core index rose 2.5% year over year, softer than the previous month’s 2.6%. From the previous month, it rose 0.3%, up slightly from 0.2% last month. While Trump administration’s high tariff policies pushed up some prices, housing-cost growth is slowing. By item, gasoline fell 7.5%, while electricity costs rose 6.3%. Service prices (excluding energy-related items) rose 2.9%. It appears to have broken the pattern of companies passing on larger price increases in the Januarys of recent years. Last month, a notable decline in gasoline and energy prices was as expected. In addition to further declines in used car prices, the housing inflation rate fell from 0.4% in December to 0.2%, and the inflation rate for food and beverages eased to 0.2.

For more, please see the PDF file.

【Takaki Kabutoki — Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned American market analyst Raymond Merriman to publish the first domestic market cycle and astrology report. Known for cycle and astrology-based market analysis. Representative Director, Investment Daily Co., Ltd.; Representative Director, Investment Daily Publishing Co., Ltd.; Member of the Japanese Technical Analysts Association; Editor-in-Chief of Investment Daily α.

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