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Gold and Silver Rebound Sharply After Historic Two-Day Selloff

Gold and Silver Rebound Sharply After Historic Two-Day Selloff

Author:

Global Cryptocurrency

Published:

2026-02-03 11:45:02

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BTCCSquare news:

Gold futures surged 6% to $4,930.80 per ounce on Tuesday, while silver jumped 12% to $86.64, marking a sharp recovery from a historic two-day decline. The selloff had erased trillions from precious metals markets, with gold dropping over 13% and silver plunging 33% after President TRUMP nominated Kevin Warsh as the next Federal Reserve head.

Deutsche Bank remains bullish, maintaining its $6,000 per ounce gold forecast despite the volatility. Chinese state-owned banks are tightening gold investment controls ahead of Lunar New Year, aiming to stabilize the market.

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