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Gold, silver rates today: Gold price above $5,000/oz, silver price hovering around $79. Should you buy?
Both gold and silver prices saw a sharp rebound on Monday, February 9, after witnessing an exceptionally volatile week. Spot gold prices advanced nearly 1.18% to $5,040 an ounce, while spot silver prices surged as much as 3.39% to $79.89 during the Asian trading hours on Monday. However, gold prices are still 11.27% below the record high of $5,608.35, and silver prices are 52.29% below the all-time high of $121.67 reached on January 29. What's driving gold and silver prices today? The rally was fueled by the decisive election win of Japan’s incumbent Prime Minister Sanae Takaichi. The result has strengthened ... (full story)
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From businesstimes.com.sg | Feb 8, 2026
Gold and silver extended gains on Monday (Feb 9) as the US dollar weakened, while investors awaited a key US labour market report due later in the week to gauge the interest rate trajectory. Spot gold rose 1.4 per cent to US$5,029.09 per ounce by 8.37 am after a near 4 per cent climb on Friday. US gold futures for April delivery gained 1.4 per cent to ...
From deriv.com | Feb 9, 2026
Silver prices are extending their gains, with XAG/USD trading close to $80.80 per ounce, as markets digest a rare combination of reflationary optimism and lingering geopolitical risk. The move comes as the US dollar slips to its weakest level since early February, easing pressure on dollar-priced metals and drawing renewed inflows into precious assets. What ...
Treasury Secretary Scott Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market. “The gold move thing — things have gotten a little unruly in China,” Bessent said on Fox News. “They’re having to tighten margin requirements. So gold looks to me kind of like a classical, speculative blowoff.” Bessent was responding to a ...
