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Gold News 30 January 2026 - 3 February 2026

Gold surges after brutal selloff as Wall Street banks tell investors to ‘buy the dip’

Gold surges after brutal selloff as Wall Street banks tell investors to ‘buy the dip’

Gold surged over 5% Tuesday, its biggest daily gain since 2008, after plunging from last week’s record highs. Spot gold rose 5.8% to $4,935.56 an ounce, rebounding from a Monday low of $4,403.24. JPMorgan and Deutsche Bank called the pullback a buying opportunity, while CME Group’s margin hikes intensified volatility. The U.S. government’s partial shutdown delayed the jobs report.
3 February 2026
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Gold price tumbles again on CME margin hike; traders brace for U.S. payrolls

Gold price tumbles again on CME margin hike; traders brace for U.S. payrolls

Spot gold fell 3% to $4,718.35 an ounce Monday, deepening losses after CME Group raised margin requirements and the dollar surged on President Trump’s nomination of Kevin Warsh as Fed chair. U.S. gold futures stayed near $4,740.90, about $900 below last week’s record. Spot silver dropped 3.3% to $81.75. CME’s higher margins for gold and silver futures take effect after Monday’s close.
2 February 2026
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Gold price slides again as CME margin hikes spur forced selling, Warsh Fed pick boosts dollar

Gold price slides again as CME margin hikes spur forced selling, Warsh Fed pick boosts dollar

Gold fell 3.2% to $4,708.19 an ounce by 1008 GMT Monday, extending a sharp decline after last week’s record high. Margin hikes and a stronger dollar triggered heavy selling, with spot silver down 3.4% and U.S. gold futures off 0.3%. Commodities and stocks also dropped after President Trump named Kevin Warsh as the next Fed chair. Gold has lost about $900 since Jan. 29.
2 February 2026
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Gold price drops ₹9,050 in India as silver sinks ₹20,000 — JP Morgan still bets on $6,300 gold

Gold price drops ₹9,050 in India as silver sinks ₹20,000 — JP Morgan still bets on $6,300 gold

Gold prices in India fell Rs 9,050 to Rs 151,530 per 10 grams Monday, while silver dropped Rs 20,000 to Rs 300,000 per kg after a global selloff. CME raised trading margins as volatility surged. JP Morgan projected gold could reach $6,300 an ounce by year-end, despite spot prices dropping to $4,677. India’s Economic Survey expects strong gold demand to continue through 2026.
2 February 2026
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Fresnillo stock price slides 5% as gold and silver plunge — what could move FRES.L next

Fresnillo stock price slides 5% as gold and silver plunge — what could move FRES.L next

Fresnillo shares fell 5.1% to 3,702 pence Friday in London, with trading volume doubling its 50-day average. The miner cut its 2026 silver and gold output forecasts, citing mine plan changes and project delays. Gold and silver prices dropped sharply after hitting records earlier in the week. Morgan Stanley flagged 5%-9% downside risk to 2026 consensus volume estimates and kept an underweight rating.
1 February 2026
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Evolution Mining share price slides 6% on gold pullback — what to watch before Monday’s ASX open

Evolution Mining share price slides 6% on gold pullback — what to watch before Monday’s ASX open

Evolution Mining shares fell 6.4% to A$14.71 Friday as gold prices dropped 4.7% to $5,143.40 an ounce and mining stocks slid across the ASX. The company will release its half-year results and hold a conference call on Feb. 11. Evolution reaffirmed full-year gold and copper guidance. Investors await earnings season and the Reserve Bank of Australia’s policy decision next week.
31 January 2026
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Gold price tumbles nearly 9% after Warsh Fed pick; silver hit by record plunge

Gold price tumbles nearly 9% after Warsh Fed pick; silver hit by record plunge

Spot gold fell 8.9% to $4,915 an ounce in New York, heading for its steepest daily drop since 1983 after President Trump named Kevin Warsh as his pick for Federal Reserve chair. Silver plunged nearly 22% as the dollar strengthened and traders scaled back bets on U.S. rate cuts. Gold had reached a record above $5,500 just a day earlier. Markets now look to the Fed handover and upcoming U.S. economic data.
30 January 2026
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Gold price dives below $5,000, silver breaks $100 as Trump’s Fed chair pick nears

Gold price dives below $5,000, silver breaks $100 as Trump’s Fed chair pick nears

Gold dropped 7.5% to $4,992.05 an ounce and silver fell 14.1% to $99.77 as the dollar strengthened ahead of President Trump’s expected Fed chair announcement. The selloff followed record highs for both metals on Thursday. Mining shares fell in London, while U.S. stock futures and Asian shares also slipped. Trump is expected to name his nominee Friday morning after meeting Kevin Warsh.
30 January 2026
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Gold price slides as Trump nears Fed chair pick, sending silver and Asia stocks lower

Gold price slides as Trump nears Fed chair pick, sending silver and Asia stocks lower

Gold fell as much as 5% in Asia Friday after Donald Trump said he will announce his pick for Federal Reserve chair on Friday, with Kevin Warsh seen as the frontrunner. Spot gold dropped 3% to $5,232.57 an ounce by 0520 GMT, after hitting a record $5,594.82 Thursday. Silver slid 3.6% to $111.99. U.S. Treasury yields rose and stocks slipped as traders reacted to the news.
30 January 2026
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Stock Market Today

Meta stock faces an AI split: ad gains vs a $135 billion bill

Meta stock faces an AI split: ad gains vs a $135 billion bill

7 February 2026
Meta shares dropped 1.3% to $661.46 on Friday after the company projected 2026 capital spending of up to $135 billion, raising investor concerns over cash flow. Meta reported Q4 revenue of $59.89 billion, up 24% year-over-year, with ad impressions rising 18%. Analysts remain divided on whether AI-driven ad gains can offset the steep spending ramp.
IAG share price jumps toward a 52-week peak — what to watch before London reopens

IAG share price jumps toward a 52-week peak — what to watch before London reopens

7 February 2026
IAG shares rose 4.33% to 438.50 pence Friday, near their 52-week high, ahead of full-year results due later this month. The company reported 162,073,135 treasury shares and total voting rights of 4,565,128,012. Brent crude fell 2.2% Thursday to $67.93 a barrel. South Europe Ground Services logged 712,340 operations in 2025 and seeks approval to operate in Portugal.
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