\n 2026-02-03T05:50:01+00:00<\/p>\n
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Shafaq News<\/p>\n
Gold and
\nsilver rebounded more than 2% on Tuesday after a sharp selloff that was
\ntriggered by the nomination of Kevin Warsh as the next Fed chair and higher
\nmargin requirements at CME Group.<\/p>\n
Spot gold
\nclimbed 2.2% to $4,767.33 per ounce, after touching a near one-month low on
\nMonday. Bullion scaled a record high of $5,594.82 on Thursday.<\/p>\n
U.S. gold
\nfutures for April delivery were up 3% at $4,791.10 per ounce.<\/p>\n
“It’s a
\nreasonable call that this is somewhere around fair value potentially, if you
\nconsider that we saw a market behaving fairly irrationally for a few weeks
\nthere,” said Kyle Rodda, a senior market analyst at Capital.com.<\/p>\n
“The
\ncurrent prices take gold and silver back to where they were, early in the
\nsecond half of January.”<\/p>\n
Gold rose
\nnearly 13% in January in its biggest monthly gain since November 2009, while
\nsilver jumped 19%.<\/p>\n
“The
\nmarkets endorsed Warsh’s nomination by U.S. President Donald Trump as someone
\nrelatively credible and so we saw the dollar move on that basis and again, that
\nwas kind of like the pin that popped the big precious metals,” Rodda added.<\/p>\n
CME Group
\n(CME.O) raised margin requirements on precious metal futures after Monday’s
\nmarket close.<\/p>\n
The U.S.
\nBureau of Labor Statistics said on Monday the closely watched employment report
\nfor January would not be released this Friday because of a partial shutdown of
\nthe federal government.<\/p>\n
The House of
\nRepresentatives, though, was due to convene on Monday to take up legislation,
\nwith a final vote expected on Tuesday. Unlike last year’s record 43-day
\nshutdown, which caused an economic data blackout, the Commerce Department is
\nfunded until September 30.<\/p>\n
Investors
\nexpect at least two Federal Reserve interest rate cuts in 2026. Non-yielding
\nbullion tends to perform better in low-interest-rate environments.<\/p>\n
Spot silver
\nrose 2.8% to $81.61 an ounce. It had hit a record high of $121.64 on Thursday.<\/p>\n
(Reuters)<\/p>\n
Only the
\nheadline is edited by Shafaq News Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"2026-02-03T05:50:01+00:00 font Enable Reading Mode A- A A+ Shafaq News Gold and silver rebounded more than 2% on…\n","protected":false},"author":2,"featured_media":446382,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[16993,4,450,15021,7291,209823,451,3,129425,6311,452,453],"class_list":["post-446381","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking-news","tag-breaking","tag-breaking-news","tag-breakingnews","tag-gold","tag-gold-prices","tag-gold-recovers-lost-ground-after-record-breaking-volatility","tag-headlines","tag-news","tag-precious-metal","tag-silver","tag-top-stories","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/446381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=446381"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/446381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/446382"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=446381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=446381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=446381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}