(Feb 4): Gold steadied after recovering some losses when dip buyers stepped in following an abrupt retreat from record highs. “Forced sales have likely run their course in precious metals,” Daniel Ghali, a senior commodity strategist at TD Securities, said in a note. “The intense volatility over the last week could certainly keep retail participants on the sidelines, removing an increasingly important cohort of buyers,” he said. Precious metals soared last month in a rally underpinned by speculative momentum, geopolitical upheaval and concerns about the US Federal Reserve’s independence. The Bloomberg Dollar Spot Index, a gauge of the US currency, was flat after ending the previous session down 0.3%.

Source: The Edge Markets February 04, 2026 00:51 UTC