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Gold and silver face pivotal technical test in next 12 hours
Gold futures demonstrated notable resilience during Wednesday's trading session, reclaiming the psychologically significant $5,000 per ounce threshold in early trading following last week's dramatic selloff. The yellow metal advanced approximately 3% to reach $5,070 per ounce, while silver exhibited even stronger momentum, surging 8–10% toward the $90 per ounce level. This initial strength, however, proved short-lived as macroeconomic data would soon challenge the nascent recovery. The session's trajectory shifted dramatically at approximately 9:30 AM with the release of the ADP employment report, which revealed a ... (full story)
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From investinglive.com | Feb 4, 2026
Gold has been in recovery mode in this first half of the week after experiencing one of the worst drawdowns in decades. The fundamentals are still against rising prices, so we either get stuck in a wide range below the January’s high or will see another flush lower in the next weeks or months. In fact, on Monday we got a strong US ISM Manufacturing PMI with ...
From investinglive.com | Feb 4, 2026
The precious metal has plunged by over 12% on the day and well off the highs from the bounce in the past two days of around $92. The drop now sees silver drop back to around $76 and the technicals highlight the move rather well. After the sharp pullback from last week, it was always going to prove to be tough to regain momentum again. That especially now ...
From cnbc.com | Feb 4, 2026
Gold and silver prices extended their rally on Wednesday, with analysts saying further gains will likely be determined by the direction of foreign exchange and interest rate expectations. Spot gold was up 2.4% at $5,054.6 per ounce as of 5:37 a.m. ET, while gold futures gained about 3.4%, to $5,1 . Meanwhile spot silver was up 5.8% $90 per ounce. Silver ...
