economy
February 2, 2026
European stocks close higher as gold extends recent losses
European markets closed higher on Monday as gold continued to slide.
TL;DR
- European stocks closed higher on Monday, paring earlier losses.
- The sell-off in spot gold continued, with gold down 3% and silver down over 6%.
- Major European bourses (FTSE, DAX, CAC 40) turned positive.
- Tech stocks ASML and Be Semiconductor ended with modest gains.
- Asia-Pacific markets fell, led by South Korean benchmarks.
- U.S. stocks rose as investors watched Bitcoin after its weekend sell-off.
- Nvidia's plans to invest $100 billion in OpenAI have reportedly stalled.
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