Gold Prices Surge to 17 Year High Daily Gain Following Drone Incident and Fed Independence Concerns

Gold prices jumped after the US military shot down an Iranian drone and President Trump questioned Federal Reserve independence, driving safe-haven demand.

洞察:
Gold prices rose sharply on Wednesday, February 4, 2026, after the US USUS military shot down an Iranian IRIR drone that aggressively approached the Abraham Lincoln aircraft carrier in the Arabian Sea. This military action, which has been confirmed as a completed event, prompted a wave of safe-haven buying across the global commodities market. The incident occurred amid active diplomatic efforts regarding nuclear talks between the US USUS and Iran IRIR, significantly heightening geopolitical risk and driving investors toward stable assets.
A shop attendant displays a pair of gold bracelets for Chinese weddings at a jewellery store in Hong Kong, China, February 4, 2026. REUTERS/Tyrone Siu
A shop attendant displays a pair of gold bracelets for Chinese weddings at a jewellery store in Hong Kong, China, February 4, 2026. REUTERS/Tyrone Siu
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