empty
 
 

2026.02.0400:52:37UTC+00Gold Returns to $5,000

Gold prices rebounded to surpass the significant $5,000 per ounce threshold on Wednesday, extending a substantial increase of over 6% from the previous day—the largest single-day rise since 2008. This surge was driven by investors capitalizing on a sharp decline earlier in the week. In addition to this market dynamics, the geopolitical climate boosted gold's status as a safe-haven asset. Tensions heightened after US forces intercepted an Iranian drone near an aircraft carrier in the Arabian Sea. Despite this, President Donald Trump emphasized ongoing diplomatic efforts, with the White House affirming that discussions between the US and Iran are set to proceed on Friday.

In monetary developments, the likelihood of aggressive Federal Reserve interest rate cuts diminished as President Trump nominated Kevin Warsh for the position of Fed Chair. Nonetheless, market predictions still factor in two rate reductions within the year, anticipated around the middle of the year and later in 2026. On a separate note, significant US labor statistics, including the JOLTS report and the monthly employment figures, will be postponed due to the partial government shutdown. Meanwhile, House Republicans plan to vote on a funding bill approved by the Senate, scheduled for Tuesday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback