• Gold Ask $3,970.01 +$12.69 (+0.32%)
  • Silver Ask $50.06 −$0.19 (−0.38%)
  • Platinum Ask $1,430.02 −$2.18 (−0.15%)
  • Palladium Ask $948.49 +$3.35 (+0.35%)
Delayed · Ask prices as of
Type at least two characters for suggestions. Use the down arrow to browse suggestions, or press Enter to see all results.
(646) 362-3536
Account
Sell to Us
Cart 0 items

Daily brief · Thursday, February 5, 2026

Metals slide at the close as silver selloff deepens; gold demand signals stay mixed

Gold finished lower at $4,847.25/oz (-2.77%) even as Reuters and Kitco noted support from a softer dollar and weaker U.S. data earlier in the day. Silver’s move dominated the tape: it closed at $78.71/oz (-13.11%) as several outlets described a sharp selloff and high volatility.

AI summaryWritten automatically with AI from 23 linked reports and our own price data, Oct 21, 2:33 AM ET. Each point links to its sources. Published without an editor’s review; not investment advice. How this page is made

Closing prices for February 5, 2026

Gold $4,847.25 −2.77% 30d +7.9% Silver $78.71 −13.11% 30d +0.3% Platinum $2,024.00 −12.11% 30d −14.3% Palladium $1,680.00 −8.40% 30d −5.2%

Tone of the reports: Leaning lower

What happened

  1. Reuters reported gold firmed earlier on a softer U.S. dollar and renewed U.S.-Iran concerns, with silver also rebounding at one point before later moves reversed into the close in our pricing.

    SourcesReuters: Gold bounces back on softer dollar, US-Iran concerns; silver rebounds

  2. Kitco said spot gold was trading around $4,860/oz after U.S. weekly jobless claims spiked to 231,000, a data point the market often reads as a sign the economy may be cooling.

    SourcesKitco News: Spot gold trades at $4,860/oz after U.S. weekly jobless claims spike to 231k

  3. World Gold Council reported gold ETF inflows surged despite a recent price pullback, pointing to continued investor demand even with higher volatility in the gold price.

    SourcesWorld Gold Council: Flows surge despite price pullback | World Gold Council

  4. Bloomberg reported China’s major gold-backed ETFs saw record daily outflows of nearly $1 billion as a metals slump shook confidence, highlighting that flows can also turn sharply negative in key markets.

    SourcesBloomberg: China Gold ETFs See Record Outflows as Metals Slump Shakes Faith

  5. Reuters reported China’s 2025 gold consumption fell for a second straight year, a demand signal that matters because China is one of the world’s biggest gold buyers.

    SourcesReuters: China’s 2025 gold consumption slips for second year in a row

  6. Investing.com and Yahoo Finance described a fresh, violent selloff in silver with volatility near highs, after a short-lived rebound faded.

    SourcesInvesting.com: Silver prices slump 15%, reversing short-lived rebound - Investing.com2: Recovery in precious metals is short lived as gold falls, silver ...Yahoo Finance: Silver Hit With Fresh Selloff as Volatility Holds Near Highs

Bull vs bear

The arguments the day’s reports made for each direction. We list them side by side; we don’t pick one.

The case for higher prices

The case for lower prices

Metal by metal

Gold $4,847.25 −2.77%

Reuters linked intraday support to a softer dollar and geopolitical concerns, while Kitco tied gold’s earlier firmness to weaker U.S. jobless-claims data. World Gold Council highlighted strong gold ETF inflows even after a pullback, but Bloomberg flagged record outflows from China gold ETFs and Reuters noted softer China consumption.

Gold headlines

Silver $78.71 −13.11%

Multiple outlets described silver’s move as a sharp reversal lower after a brief rebound, with volatility still elevated. Coverage focused on the speed of the selloff rather than any single fundamental catalyst.

Silver headlines

Platinum $2,024.00 −12.11%

Coverage was thin. Reuters reported Pandora plans to launch platinum-plated jewelry, framing it as a product move while silver prices are high.

Platinum headlines

Palladium $1,680.00 −8.40%

No report focused on palladium.

Palladium headlines

The day’s reports

22 reports, most important first, New York time.

  1. 7:16 PM Reuters · 7:16 PM▲ Reports a rise Gold bounces back on softer dollar, US-Iran concerns; silver rebounds Gold rebounded on a softer dollar and U.S.-Iran concerns, while silver also recovered.
  2. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Silver prices slump 15%, reversing short-lived rebound - Investing.com Silver prices fell 15%, reversing a brief rebound.
  3. 7:00 PM Yahoo Finance · 7:00 PM▼ Reports a fall Silver Hit With Fresh Selloff as Volatility Holds Near Highs Silver suffered a fresh selloff as volatility stayed near highs.
  4. 7:00 PM Kitco News · 7:00 PM▲ Reports a rise Barrick posts record cash flow, hikes dividend in Q4 as board moves ... Barrick reported record cash flow and raised its dividend as higher gold prices boosted results.
  5. 7:00 PM World Gold Council · 7:00 PM Flows surge despite price pullback | World Gold Council World Gold Council says gold ETF inflows surged despite a recent price pullback.
  6. 7:00 PM Kitco News · 7:00 PM Barrick advances North American gold spinout | Kitco News Barrick is advancing plans to spin out its North American gold assets into a separately listed company.
  7. 7:00 PM MINING.COM · 7:00 PM gold-02-demand-feature - MINING.COM Mining.com says global gold demand is being reshaped by shifting sovereign reserve strategies.
  8. 1:33 PM Reuters · 1:33 PM▼ Reports a fall China’s 2025 gold consumption slips for second year in a row Reuters says China's gold consumption fell for a second straight year in 2025.
  9. 8:30 AM Kitco News · 8:30 AM▲ Reports a rise Spot gold trades at $4,860/oz after U.S. weekly jobless claims spike to 231k Spot gold trades at $4,860 an ounce after U.S. weekly jobless claims spike to 231,000.
  10. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Recovery in precious metals is short lived as gold falls, silver ... Gold and silver lost ground as their recent rebound quickly faded.
  11. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall Precious metals, oil slide as global tensions ease; copper down Precious metals and oil slid as easing global tensions hit commodity prices.
  12. 7:00 PM Yahoo Finance · 7:00 PM Azerbaijan oil fund leans on gold to protect state reserves Azerbaijan's oil fund is increasing gold holdings to protect reserves from shocks, inflation and market stress.
  13. 7:00 PM Kitco News · 7:00 PM Gold remains under pressure as ECB leaves interest rates unchanged Gold stayed under pressure after the ECB left interest rates unchanged.
  14. 7:00 PM Investing.com · 7:00 PM What's Happening With Gold, Crypto and Stocks? | Investing.com Investing.com says inflation, banking instability, geopolitics and recession fears have driven capital flows into gold and other assets.
  15. 2:15 PM Kitco News · 2:15 PM CIBC sees gold averaging $6,000 an ounce as safe-haven demand persists Kitco News says CIBC sees gold averaging $6,000 an ounce as safe-haven demand persists.
  16. 12:15 PM Kitco News · 12:15 PM▼ Reports a fall Silver sharply down, leading gold lower, too Kitco News reports silver fell sharply and dragged gold lower.
  17. 10:00 AM Kitco News · 10:00 AM▼ Reports a fall Gold remains under pressure even as US job openings drop to nearly 6 year low Gold stays under pressure even as U.S. job openings fall to a nearly six-year low.
  18. 8:03 AM Kitco News · 8:03 AM▼ Reports a fall Price pressure on gold, silver amid bearish outside markets Gold and silver face price pressure amid bearish outside markets.
  19. 7:00 PM Investing.com · 7:00 PM▼ Reports a fall TSX lower amid software worries, metal price drop By Investing.com Toronto stocks fell as software worries and lower precious-metals prices weighed on the index.
  20. 7:00 PM FXEmpire · 7:00 PM▼ Reports a fall Gold (XAUUSD) Price Forecast: Profit-Taking Pulls Gold ... - FXEmpire FXEmpire says profit-taking pulled gold lower and traders see the move as a bearish sign.
  21. 7:00 PM Yahoo Finance · 7:00 PM Roll 401k Into Gold (2026): Priority Gold Awarded as Go-To Firm for ... A sponsored piece says growing inflation and market volatility are driving retirement savers toward physical gold.
  22. 8:31 AM Kitco News · 8:31 AM Gold market analysis for February 5 - key intra-day price entry levels for active traders Kitco publishes gold market analysis with key intraday entry levels for active traders.

How this page is made

Collected every hour. Summed up twice a day. Linked to the source.

Where the news comes from

  • Reuters and Dow Jones headlines for gold, silver, platinum and palladium, through TradingView
  • Kitco News and MetalsDaily
  • The World Gold Council
  • Google News, for wider coverage
  • A daily AI web search for anything the feeds missed

How the briefs are written

Every hour we collect new headlines. An AI model from OpenAI tags each one by metal, topic and importance and writes a one-line summary from its headline and teaser. It doesn’t read paywalled articles. On weekdays at about 8 AM and after the 5 PM New York close, it writes a brief from the most important reports and our own spot price feed. Every point cites the reports it came from. On Fridays it writes a recap of the week.

Who publishes it

Bullion Trading LLC is a physical precious metals dealer in New York’s Diamond District, in business since 2008. Prices on this page come from our own live feed and LBMA history. We buy and sell bullion, so read the briefs as market context, not investment advice. Briefs are published automatically, without an editor’s review. If you spot an error, tell us.

Live precious metals pricesGold price chartPrice timelineMarket moodNews archivePremiums over spotWhat we pay todayThe Journal