-
Gold futures rallied following a stall in the U.S. dollar
Gold futures saw a significant bounce during the session, gapping higher and reaching a peak of 5019'10. This recovery comes as the U.S. dollar rally, which began in late January, showed signs of stalling against most major currencies. Market participants are currently debating the implications of the Kevin Warsh nomination for the Federal Reserve. While his historical reputation leans hawkish, analysts are considering his recent openness to data-dependent rate cuts and the ongoing U.S. fiscal situation. The Japanese yen remained an outlier in the currency space following an unimpressive 10-Year JGB auction result.
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Feb 4, 2026
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday. Precious metals remain weighed by a steady US Dollar, buoyed by the end of a two-day ...
From msn.com | Feb 3, 2026
Investment demand and central-bank buying are expected to propel gold to new records, with the metal's retreat over the past two sessions already attracting bargain hunters, while silver will remain volatile, analysts said. Gold was heading for its biggest daily gain since 2008 on Tuesday, after a massive two-day sell-off triggered by President Donald ...
From equiti.com | Feb 4, 2026
Central banks bought 863.3 tonnes of gold in 2025, down 21% year on year Q4 purchases rebounded to 230 tonnes, up 6% quarter on quarter Demand remained well above the 2010–2021 average of 473 tonnes Poland, Kazakhstan and Brazil led reported buying, while opaque purchases stayed significant Buying slows, but remains historically strong Central bank gold ...
