Gold and silver prices tumble as speculators retreat and dollar gains strength
Gold and silver fell on Thursday as speculators cashed in after a brief rally. A stronger dollar and easing global tensions pressured the safe-haven metals.
Insights:
The precious metals market faced a significant downturn today, February 5, 2026, as speculators cashed in following a two-day rally. Spot gold prices declined by approximately 2%, while spot silver experienced a sharp intraday drop of about 11.3%. This reversal was driven by a combination of profit-taking and a firmer dollar in the US 
US, which reached a two-week high. Additionally, easing geopolitical tensions involving Iran 
IR reduced the safe-haven appeal of bullion, leading to large intraday percentage losses that have begun transmitting volatility to global commodity and equity markets.
US, which reached a two-week high. Additionally, easing geopolitical tensions involving Iran IR reduced the safe-haven appeal of bullion, leading to large intraday percentage losses that have begun transmitting volatility to global commodity and equity markets.
