economy
February 5, 2026
Gold bulls hold firm after historic metals sell-off
Gold and silver are showing tentative signs of recovery after an intense sell-off. Here's where investment banks see the metals going.
TL;DR
- Gold experienced a significant sell-off on Friday, losing 9%, but has since shown a rebound.
- Silver also saw a sharp decline, losing almost 30% in one day, but has seen some recovery.
- Investment banks like UBS, Goldman Sachs, and Bank of America remain bullish on gold, forecasting price increases.
- Factors supporting gold include its safe-haven status, geopolitical tensions, and potential to replace the dollar as a reserve currency.
- Silver's volatility and its role as an industrial component create a more complex investment outlook.
- Analysts recommend caution for silver investors due to its high volatility and potential for reduced industrial demand at higher prices.
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