📰 Gold Market Update — February 9, 2026
📰 Gold Market Update — February 9, 2026
📍 Current Spot Price: USD 5,067.83 per ounce
🟢 Change Today: +101.58 (≈ +2.05%)
📈 Intraday Price Action
Gold traded with early volatility, dipping briefly below the $5,000/oz level.
Strong buying momentum entered mid-session, pushing prices sharply higher.
Gold rallied above $5,060/oz, forming higher highs and higher lows.
By 14:22 NY Time, prices remained firm near session highs, signaling strong demand.
📊 Market Highlights
🔹 Strong bullish momentum, with a gain of over 2% on the day
🔹 Break above psychological $5,000 level, boosting confidence
🔹 Buyers dominated after early pullbacks, indicating healthy market strength
🧠 What’s Driving Today’s Move
✔ Renewed safe-haven demand amid market uncertainty
✔ Technical breakout encouraging fresh buying
✔ Possible reaction to macroeconomic or geopolitical developments
📰 Silver Market Update — February 9, 2026
📍 Current Spot Price: USD 83.14 per ounce
🟢 Change Today: +5.34 (≈ +6.86%)
📈 Intraday Price Action
Silver faced early-session pressure, slipping below the $80/oz level.
Strong buying emerged mid-session, triggering a sharp rebound.
Prices surged above $83/oz, forming a clear V-shaped recovery.
By 14:24 NY Time, silver was holding near session highs, showing strong bullish control.
📊 Market Highlights
🔹 Powerful rebound after early losses
🔹 Silver outperformed gold, gaining nearly 7% on the day
🔹 Strong momentum suggests renewed speculative and industrial demand
🧠 What This Could Mean
✔ Buyers aggressively stepped in at lower levels
✔ Momentum traders pushed prices higher after support held
✔ Silver is showing high volatility but strong upside potential