BTCC / BTCC Square / Global Cryptocurrency /

Gold Rebounds Above $5,000 Amid Geopolitical Tensions

Gold Rebounds Above $5,000 Amid Geopolitical Tensions

Author:

Global Cryptocurrency

Published:

2026-02-04 10:48:02

20

2

BTCCSquare news:

Gold prices surged past $5,000 per ounce as escalating tensions between the U.S. and Iran triggered a flight to safety. Spot gold ROSE 2.3% to $5,060.28, while futures climbed 2.9% to $5,078.96, marking a swift recovery from last week's selloff.

The rally followed reports of a U.S. Navy intervention in the Arabian Sea, where an Iranian drone was shot down. This geopolitical friction reignited demand for haven assets, despite record outflows from Chinese gold ETFs earlier in the week.

Analysts remain bullish on gold's trajectory, with Deutsche Bank maintaining a $6,000 price target. The metal has gained 15-17% year-to-date, demonstrating resilience amid market volatility.

By:

Pinterest Shares Drop 6% Amid Layoff-Tracking Controversy and AI Restructuring

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GEI IT ON Google Play

Get started today Scan to join our 100M+ users

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.