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Markets News 29 January 2026 - 6 February 2026

Gold price rebounds near $5,000 after rout as dollar eases; traders eye Iran talks and Fed data

Gold price rebounds near $5,000 after rout as dollar eases; traders eye Iran talks and Fed data

Gold rebounded Friday, with spot prices up 3.96% to $4,959.28 an ounce by midday as investors bought on a weaker dollar and geopolitical uncertainty. CME Group raised margin requirements for COMEX gold and silver futures, effective after Friday’s close. Spot silver jumped 7.77% to $76.77. Traders are watching U.S.-Iran nuclear talks and delayed U.S. jobs and inflation data due next week.
6 February 2026
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Gold price rebounds after violent selloff as traders brace for more volatility

Gold price rebounds after violent selloff as traders brace for more volatility

Spot gold rose 1.9% to $4,859.43 an ounce Friday after a sharp sell-off, as safe-haven demand returned amid U.S.-Iran tensions and falling stocks. CME Group raised margin requirements for gold and silver futures for the third time since January. India’s gold premiums dropped to $70 an ounce, while China’s edged up to $35. Gold remains down over 13.5% from its Jan. 29 record.
6 February 2026
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India-US trade deal gets March target as GST sleuths net suspects and an ITC meme captures market nerves

India-US trade deal gets March target as GST sleuths net suspects and an ITC meme captures market nerves

GST investigators arrested four men in a ₹250-crore areca nut tax evasion case, while Kanpur police detained seven suspects in a ₹7.03-crore fake-invoice scam. Trade Minister Piyush Goyal said India and the U.S. will sign a formal trade deal in March, aiming to cut U.S. tariffs on Indian exports from 50% to 18%. ITC shares remained flat despite optimism over the trade agreement.
6 February 2026
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Hongkong Land stock slips today as $6.4 billion Singapore fund launch cools — what’s next for SGX:H78

Hongkong Land stock slips today as $6.4 billion Singapore fund launch cools — what’s next for SGX:H78

Hongkong Land shares fell 0.3% to US$8.59 Thursday afternoon in Singapore, easing after a two-day rally tied to its new S$8.2 billion commercial property fund. The stock hit a decade high at US$9.12 the previous day before retreating. Investors are watching for updates on buyback timing and new fund commitments. Trading volume topped 6.1 million shares.
5 February 2026
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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

Spot gold surged 5.2% Tuesday to $4,906.82 an ounce, while U.S. April futures closed up 6.1% at $4,935 after steep losses. The rebound followed forced selling tied to higher margin requirements and a Fed leadership change. Analysts now watch for the delayed U.S. jobs report and physical demand trends. Trump signed a bill to end the government shutdown, but uncertainty over data timing persists.
3 February 2026
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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, silver extend historic plunge as margin calls spread after Trump’s Fed pick

Gold, silver extend historic plunge as margin calls spread after Trump’s Fed pick

Gold and silver extended sharp declines Monday, with spot gold down 3.6% to $4,686.51 an ounce and silver plunging 6.7% to $78.96 after CME Group hiked margin requirements. Forced selling spread losses to oil, copper, stocks, and cryptocurrencies. Newmont shares dropped nearly 10%. The sell-off followed Kevin Warsh’s nomination to lead the Federal Reserve.
2 February 2026
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Gold price whipsaws after $5,595 record as traders cash out; Fed chair pick looms

Gold price whipsaws after $5,595 record as traders cash out; Fed chair pick looms

Spot gold fell 1.2% to $5,349.70 an ounce in New York after swinging from a record $5,594.82 to as low as $5,149.99. The drop followed the Fed’s decision to keep rates steady and ahead of Trump’s pick to replace Powell. The World Gold Council reported record 2025 demand, driven by investment and ETF inflows. The dollar index rose 0.36% after the Fed announcement.
29 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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