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Is the worst over for gold and silver?
After their biggest collapse in recent history, gold and silver are finding their way back into the light, posting their biggest one-day gains on record. Spot gold last traded at $4,916 an ounce, up more than 5% on the day; meanwhile, spot silver last traded at $87.82 an ounce, up 11%. Some analysts note that the recovery in the precious metals confirms a growing consensus that the recent selling pressure is related to short-term speculative positioning and momentum rather than a fundamental shift in the marketplace. One German bank has been fairly vocal, reiterating its bullish expectations for gold. On Monday, ... (full story)
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From finance.yahoo.com | Feb 3, 2026
Gold and silver rebounded after a historic collapse from all-time highs lured dip-buyers back to precious metals. Spot gold climbed as much as 6.2% to more than $4,950 an ounce, recovering somewhat from its worst rout in more than a decade. Silver rose more than 12% — trading above $89 an ounce — as a risk-on tone returned to wider markets and the US dollar ...
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The precious metals staged a smart comeback on Tuesday, February 3, after two days of relentless selling, marking one of the worst declines for the gold and silver prices in decades. Spot gold prices rallied nearly 6% in the international market to $4,935, putting them on track for the best single-day gain since November 2008, as per a Bloomberg report. ...
