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Here's the real reason gold prices plunged - and why the selloff likely isn't over yet
Consider the average recommended gold-market exposure among a sample of several dozen gold-market timers monitored by my performance-auditing firm. (This average is represented by the Hulbert Gold Newsletter Sentiment Index, or HGNSI.) Prior to Friday's big drop, the HGNSI stood at levels hardly ever seen over the last 21/2 decades - at the 99.7th percentile of its daily distribution since 2000. The HGNSI dropped only slightly on Friday and, as a result, it's still higher than on 84.4% of all trading days since 2000. Contrarian "buy" signals come when this percentage falls below 10%. Listen to the ... (full story)
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Gold and silver prices rose sharply on Tuesday, with bullion set for its biggest daily rise since November 2008, as investors snapped up the metals following their steepest two‑day slump in decades. Spot gold climbed 5.3% to $4,913.59 an ounce by 1234 GMT. It is bouncing back from a low of $4,403.24 on Monday, while the $5,594.82 per ounce mark touched last ...
From bnnbloomberg.ca | Feb 3, 2026
Gold prices swung violently over the past week, surging to fresh record highs before suffering their steepest daily decline in more than a decade. The rapid reversal pushed prices back below key psychological levels, underscoring how compressed and volatile the move has been. BNN Bloomberg spoke with Christopher Louney, director of natural gas and gold ...
Daniel Ghali, director of commodities strategy at TD Securities, joins BNN Bloomberg to dive further on the precious metals selloff.
