Today, February 7, 2026, gold and silver are witnessing a strong rebound
After a week of sharp fluctuations and a “historic collapse” in late January, prices are rising again towards their recent record peaks.
Current market prices (estimated)
The market clearly shows a “buy the dip” behavior following the recent sell-off.
Metal
Spot price (Global)
Daily change
Local price (Example Pakistan)
Gold
~$4,967/ounce
+$117 (+2.4%)
—
Silver
~$77.98/ounce
+$7.15 (+10.1%)
—
Main reasons for the rebound:
Safe-haven demand (Geopolitical): Rising tensions between the United States and Iran, especially the recent drone incident in the Arabian Sea, have driven investors back to gold as a safe haven.
Negative economic signals: U.S. labor market data came in weaker than expected, with job layoffs reaching their highest level in 17 years in January, which bolstered expectations for the Federal Reserve to shift towards interest rate cuts by mid-2026.
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