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Gold Advances Above $5,000 as Dip-Buyers Return to Choppy Market
Gold climbed above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals. Bullion rose as much as 1.8% on Monday, recovering some more ground after a historic rout at the end of last month. The metal has recovered around half of the losses sustained since it plunged from an all-time high hit on Jan. 29. A gauge of the dollar weakened. Gold’s ability to stabilize above the $5,000 threshold “will be critical in determining whether the market can transition from a reactive bounce to a more sustainable advance,” said Ahmad Assiri, an analyst at Pepperstone ... (full story)
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From msn.com | Feb 8, 2026
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 ...
