Silver Rises Over 120% YTD 
Gold prices gained momentum as both the U.S. dollar index and Treasury yields retreated, with spot prices rising 0.4% to $2,687.59 per ounce and futures climbing over 1% to $2,710.00. Markets are particularly focused on upcoming CPI data, expected to show annual inflation increasing to 2.9% from November’s 2.7%. According to Saxo Bank’s Ole Hansen, market uncertainty is heightened by both the pending inflation data and political considerations, including Trump’s proposed import tariffs that could impact inflation and complicate the Federal Reserve’s rate decisions. Despite Tuesday’s moderate PPI increase, analysts suggest rate cuts may not materialize until the second half of the year.
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Gold Rebounds as Fed Risk, Weak Jobs, and Crypto Stress Collide
Daily News Nuggets | Today’s top stories for gold and silver investors February 4th, 2026 | Brandon Sauerwein, Editor Gold Over $5,000, Silver Surges After Deep Sell-Off Gold futures reclaimed the $5,000/oz mark Wednesday, rebounding after last week’s historic plunge. Prices rose about 3% to roughly $5,070/oz, while silver surged 8–10% toward the $90/oz level. The bounce followed one of the sharpest precious-metals sell-offs in decades, with gold down more than 13% and silver nearly 30% earlier this week. Traders point to dip-buying and forced liquidations running their course as key drivers of the rebound. After crowded trades unwound, selling pressure eased. Many now view the drop as a technical reset, not a breakdown in underlying demand. Still, volatility remains elevated. Measures like the
February 4, 2026
