📰 Precious Metals Market Update — February 4, 2026

📌 Gold (USD per ounce)

📍 Current Spot Price: USD 4,929.08
🟢 Change Today: +20.65 (≈ +0.42%)

📈 Price Action Today:

Gold opened the session slightly higher and held above $5,000/oz early.

Mid-day selling pressure pushed prices down sharply toward $4,880–4,890/oz.

After dipping, gold staged a mild recovery and was trading up modestly by 13:59 NY Time.

Summary: Gold saw a small positive gain on the day, showing resilience after earlier weakness.

📌 Silver (USD per ounce)

📍 Current Spot Price: USD 86.14
🟢 Change Today: +2.95 (≈ +3.55%)

📈 Price Action Today:

Silver climbed early into the session, reaching above $91/oz.

A mid-day pullback weighed on prices, pushing them toward the mid-$80s.

By 13:59 NY Time, silver bounced and was trading noticeably higher on the day.

Summary: Silver saw stronger gains than gold today, snapping back after earlier pressure.

📊 Market Snapshot
Metal Price (oz) Daily Change
Gold USD 4,929.08 +0.42%
Silver USD 86.14 +3.55%

Today’s action suggests:

Silver outperformed gold, possibly driven by renewed speculative interest or improved risk appetite.

Gold’s modest gain suggests traders remain cautious, with prices stabilizing after recent volatility.

🧠 What This Could Mean

✔ Buyers returned after earlier dips, especially in silver
✔ Traders may be reacting to broader market cues, including:

Economic data releases

U.S. dollar movement

Interest rate expectations

Both metals show signs of short-term recovery, but market participants will continue watching for key economic signals that may influence direction in the coming sessions.
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