economy
February 4, 2026
Gold and silver extend rebound but concerns over volatility linger
Gold and silver climb with further gains seen determined by rate expectations
TL;DR
- Gold and silver prices surged on Wednesday, extending recent gains.
- Precious metals rebounded after a significant fall on Friday, marking one of the sharpest corrections in years.
- The rebound is attributed to renewed dip buying and a softer US dollar.
- Further price increases are dependent on the direction of foreign exchange, interest rate expectations, and risk sentiment.
- ING analysts suggest the current move is a positioning-driven reset rather than a structural reversal.
- Goldman Sachs has a $5,400 price target for gold by the end of 2026, based on central bank accumulation and increased ETF purchases.
- BofA Securities has a more bullish target of $6,000 for gold in the coming months.
- Political uncertainty and the direction of US interest rates under a potential Kevin Warsh-led Federal Reserve are factors clouding the forecast.
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