Gold Prices Extend Rebound Amid Geopolitical Tensions and Economic Data

Gold prices climbed on Wednesday, February 4, 2026, extending a recovery following one of the steepest two-day sell-offs in decades. This price action reflects significant market volatility that has impacted the spot gold market and investor positioning globally. After dropping more than 13% over two days, bullion staged a sharp rebound of 5.9% followed by another 2% gain, maintaining a year-to-date increase of over 17%.