Gold fell below $4,400 an ounce as signs of easing inflation bolstered expectations that the US Federal Reserve will hold interest rates steady next month.
Gold found some support following three days of losses as traders weighed a resumption of fighting in the Middle East and the US Federal Reserve’s interest-rate path.
Gold sheets at the Polish mint, also known as Mennica Polska SA, in Warsaw, Poland. Photographer: Damian Lemanski/Bloomberg
Gold advanced after Israel and Lebanon agreed to a conditional ceasefire, a possible step toward resolving the wider Middle East conflict that’s upended global energy markets and raised inflation risks.
Gold fell as efforts to resume peace talks between the US and Iran remained at an impasse, two months into a war that’s upended global markets and raised inflation risks.
Copper declined in thin trading on the London Metal Exchange as rising stockpiles of the red metal and a selloff in US technology stocks weighed on sentiment.
Copper bars and rods in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg
Precious metals drifted lower in thin trading, with many Asian traders offline for the Lunar New Year break, and the US also closed.
Gold dore bars stacked at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Feb. 5, 2026. The reversal came as the stock market was whipsawed by volatility, Bitcoin tumbled and what had been a steep run-up in gold and silver prices abruptly reversed, all of which drove investors into the safety of US Treasuries. Photographer: Matt Jelonek/Bloomberg
Gold wavered around $5,000 after a two-day gain, as investors assess whether prices have found a floor following a historic selloff.
Gold bars at a Goldenmark bullion dealer arranged in Warsaw, Poland, on Wednesday, Jan. 28, 2026. Gold surged to a record above $5,500 an ounce, extending a breakneck rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies to a ninth day.
Gold and silver rebounded after a historic collapse from all-time highs lured dip-buyers back to precious metals.
One-ounce and one kilogram gold bars at a Goldenmark bullion dealer arranged in Warsaw, Poland, on Wednesday, Jan. 28, 2026. Gold surged to a record above $5,500 an ounce, extending a breakneck rally fueled by a weaker dollar and investor flight from sovereign bonds and currencies to a ninth day. Photographer: Damian Lemanski/Bloomberg
Silver recovered most losses after its biggest one-day drop in more than five years, with a lingering supply shortage keeping the metal on track for a 35% monthly gain.
An employee holds a one kilogram silver bar at an ABC Bullion store in Sydney, Australia, on Tuesday, Oct. 21, 2025. Gold held near a record high, finding support despite optimism global trade tensions are easing and hopes the US government will reopen soon.
Gold, silver and platinum jumped to all-time highs to extend a historic end-of-year rally for precious metals, with support from escalating geopolitical tensions, US dollar weakness and thin market liquidity.
One kilogram and a five hundred gram gold bars next to one kilogram silver bars. Photographer: Angel Garcia/Bloomberg
Gold was little changed following a three-day rally that took the precious metal to an all-time high above $4,500 an ounce. Platinum tumbled more than 6%, also retreating from an all-time high touched overnight.
One kilogram gold bars at the ABC Refinery smelter, operated by Pallion, in Sydney, Australia, on Thursday, April 17, 2025. Gold paused its record-breaking rally amid optimism over US-Japan trade talks, after bullion earlier reached another all-time high.
Gold and silver soared to all-time highs, as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades.
one kilogram gold bar. Photographer: Akos Stiller/Bloomberg
Gold steadied near a record high, as traders weighed the outlook for US monetary policy following economic data that supported the case for interest-rate cuts.
Gold bars. Photographer: Chris Ratcliffe/Bloomberg