The price of gold fell below $5,000 in thin trading.

Due to the closure of most markets in Asia for the Spring Festival and the closure of the US market on Monday, the price of gold fell below $5,000 in thin trading. New York gold futures fell 2.2% to $4,937.40 per ounce. A financial analyst at Sucden stated, "Liquidity remains thin, especially in the metals market. Unless speculative sentiment clearly returns, this environment may limit price movements to a relatively narrow range in the short term." The focus is now shifting to upcoming economic data releases, including US ADP employment data scheduled for Tuesday, as well as inflation data from the UK and Japan, which could trigger regional volatility.