While Asian markets are closed for the Chinese New Year holiday, the gold price remains relatively stable with no significant fluctuations. The situation is intensified because the U.S. market was also closed for holidays last Monday, leaving commodity sectors with low trading activity.

Bloomberg reported via X that this combination of breaks significantly reduces trading activity. With key traders absent in both regions, trading volume drops noticeably, limiting both bullish and bearish pressures on the precious metal. This temporary paralysis of markets closed for holidays is typical during Asian festivals, when global liquidity is compromised and prices tend to consolidate within narrow ranges.