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Forex Today: Gold Regains Almost Half of Recent Losses

2026-02-04

Gold prices rebounded sharply on Monday, recovering nearly half of their recent losses as investors sought safe-haven assets amid geopolitical tensions and a tech sector selloff. Silver also rose, while Bitcoin showed a modest recovery after hitting a 12-month low. The US and Asian stock markets declined sharply, driven by profit-taking in technology stocks. Prediction markets now price in a low probability of a US military strike on Iran following reported diplomatic shifts to Oman. The move highlights shifting risk appetite and underscores the importance of macroeconomic factors in commodity markets.