Analyst: Spot gold continues its rebound from the previous day and is expected to remain range-bound and volatile in the coming weeks.

SmartContractAuditor · 2026-02-04T18:39:53+00:00

International spot gold prices have continued to rebound after a sharp sell-off. Due to geopolitical uncertainties, funds are flowing back into gold as a safe-haven asset. Although gold has recently fallen sharply, it has gained a total of 17% this year. Analysts expect gold prices to enter a consolidation range and may fluctuate sideways in the future.

SmartContractAuditor

2026-02-04 18:39:53

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Odaily Planet Daily reports that after experiencing the most intense sell-off in decades, the international spot gold price continued to rise on Wednesday, extending the rebound from the previous trading day. Broader geopolitical uncertainties have prompted funds to flow back into this safe-haven asset. After reaching a historic high of $5,594.28, gold fell more than 13% over last Friday and Monday, marking the most severe two-day decline in decades. Despite this, gold prices have still increased by over 17% so far this year. Analyst Edward Meir stated, “When the market experiences such intense volatility, a rebound usually accompanies it.” He added, “Gold prices may have entered a consolidation range, and in the coming weeks, it is more likely to trade sideways rather than continue to fluctuate wildly.” ADP data shows that only 22,000 new jobs were added this month, far below the market’s previous estimate of 48,000. (Jin10)

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