The Historic Milestone

Today, February 9, 2026, the gold market has witnessed a new historic turning point. After last week's severe volatility, gold spot prices have touched the $5,000 per ounce level again. In just one week, there has been an increase of about 5% in gold, which is a big surprise for investors. Although just a few days ago, this price had dropped to $4,400, buyers took full advantage of this dip and brought the market back up.

Drivers Behind the Surge

The biggest reason for the rise in gold prices in the current market is the fear of US inflation and the continuous buying by central banks. Analysts believe that due to geopolitical tensions and uncertainty in financial markets, people are shifting their money to 'Safe Haven' i.e., gold. The physical demand for gold has also remained quite resilient due to the Lunar New Year in China, which has aided in price recovery.

Whatā€™s Next for Gold?

In the short term, the market may remain a bit volatile, but the long-term outlook is still bullish. If gold breaks the $5,100 resistance level, it could set new records in the coming months. Traders are advised to trade with a tight stop-loss as market swings may occur with the release of new economic data.

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