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Commodities 1 February 2026 - 4 February 2026

Gold price snaps back 5% after two-day crash; CME margin shock keeps traders edgy

Gold price snaps back 5% after two-day crash; CME margin shock keeps traders edgy

SINGAPORE, February 4, 2026, 06:07 SGT — Premarket Gold prices surged Tuesday following two tough sessions, with spot gold climbing 5.2% to $4,906.82 an ounce. U.S. April futures jumped 6.1%, closing at $4,935. Peter Grant from Zaner Metals called the recent dip a correction within a longer-term uptrend, pointing to $4,400 as support and $5,100 as resistance.
3 February 2026
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Oil prices slip again as U.S.-Iran talks loom and the dollar firms; Brent near $66

Oil prices slip again as U.S.-Iran talks loom and the dollar firms; Brent near $66

London, Feb 3, 2026, 11:34 GMT — Regular session Oil prices slipped Tuesday as traders dialed back some geopolitical risk premium ahead of U.S.-Iran talks set for Friday in Turkey. Brent crude futures dropped 15 cents to $66.15 a barrel by 1016 GMT, while U.S. West Texas Intermediate lost 8 cents, settling at $62.06. Both benchmarks earlier touched their lowest levels in a week. Kelvin Wong of OANDA pointed to recent swings reflecting the “geopolitical risk premium” tied to the “on-off” tensions with Iran. Meanwhile, Priyanka Sachdeva at Phillip Nova described the market as “choppy,” with risks leaning lower.
3 February 2026
Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

Silver price whipsaws after CME margin hike; SLV slides as traders brace for Friday jobs data

London, Feb 2, 2026, 15:11 GMT — Regular session The silver price slid again on Monday, with spot silver down 3.3% at $81.75 an ounce by 1148 GMT after earlier falling as much as 15%, leaving it about 32% below last week’s record. Spot gold was down 3% at $4,718.35, and CME Group said it would raise margin requirements — the cash traders must post to hold futures contracts — after the market closes on Monday. John Meyer of SP Angel said gold and silver were on a “rollercoaster ride”, while Michael Hsueh at Deutsche Bank said “the conditions do not appear primed for a sustained reversal”.
2 February 2026
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Gold and silver prices tumble again after historic plunge as CME margin hike bites

Gold and silver prices tumble again after historic plunge as CME margin hike bites

Gold and silver extended their sell-off on Monday as higher margin demands on futures trading added to the rush to cut leveraged bets. Spot gold was down 3.2% at $4,708.19 an ounce by 1008 GMT, after dropping nearly 10% earlier, while spot silver was down 3.4% at $81.65 after a 15% intraday slump. U.S. gold futures for April delivery fell 0.3% to $4,730.40, while platinum slid 4.3% to $2,070.64 and palladium dropped 2.1% to $1,662.68. The latest leg lower comes after a breakneck run-up that left the market crowded and jumpy, and the reversal is starting to spill into Asian equities. Indonesian stocks slid 4.9% and Hong Kong’s Hang Seng Index fell 2.2% on Monday; Singapore’s benchmark ended down 0.3% and small-cap miner CNMC Goldmine dropped 8.4%, The Straits Times reported. “This isn’t over,” said Robert Gottlieb, a former precious-metals trader at JPMorgan. “The trade was way too crowded.”
2 February 2026
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Silver price slides again as margin hikes bite; Warsh Fed pick keeps metals on back foot

Silver price slides again as margin hikes bite; Warsh Fed pick keeps metals on back foot

London, February 2, 2026, 11:10 GMT — Regular session Silver prices dropped again Monday, with spot silver down 3.4% to $81.65 an ounce by 1008 GMT after plunging as much as 15% earlier. The sell-off came as CME margin hikes and a stronger dollar forced traders to scale back leveraged positions. Since hitting a record $121.64 last week, silver has lost roughly a third of its value. “The increase in margin requirements is creating a feedback loop,” said Zain Vawda, an analyst at MarketPulse by OANDA.
2 February 2026
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MCX silver price hits lower circuit again; gold under ₹1.45 lakh as Budget 2026 ripples through markets

MCX silver price hits lower circuit again; gold under ₹1.45 lakh as Budget 2026 ripples through markets

Silver futures on the Multi Commodity Exchange of India crashed to a 9% lower circuit, hitting the day’s down limit at ₹2,41,744 per kg on Monday—plunging about 42% from last week’s peak of ₹4,20,048. Gold April futures weren’t spared either, sliding more than 5% at one point to ₹1,40,001 per 10 grams. Ponmudi R, CEO of Enrich Money, said, “The ₹1,43,000 – ₹1,45,000 zone continues to act as a strong dynamic support.” The impact cuts deep, considering India is one of the world's biggest bullion markets. Even the so-called slow-moving hedges aren't immune to this shockwave. Sharp price drops trigger leverage effects: traders get margin calls, offload positions during the downturn, and push prices into more volatile territory.
2 February 2026
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Stock Market Today

  • Intel (INTC) jumps 6%, hits 25-year high as 18A-P chip process enters risk production
    July 1, 2026, 11:59 AM EDT. Intel (INTC) surged 6.01% to $139.63 on June 30, putting shares at their highest in 25 years after the company said its 18A-P chip process started risk production. The milestone means the chips are one stage away from volume production, delivering 9% more performance at the same power draw. On-time progress is big for Intel, which has struggled with delays, and it gave bulls more reason to stay invested. Though shares have climbed more than 250% in 2026, the average Wall Street price target is still about $99, or 29% below current levels, showing investor hesitation about valuation. Intel's CFO said factory yield improvements could arrive sooner than planned, potentially boosting margins since higher yields would cut costs. Now investors are split on how much of Intel's comeback story is already in the price.
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