- The significant price jump to $4,916.50 per ounce represents a substantial increase, far exceeding the $4,703 per ounce price reported just days earlier.
- Gold is often sought as a safe-haven asset, suggesting the sharp rise may be driven by heightened investor concerns over economic instability or geopolitical tensions.
- The spot price is the current market rate for immediate delivery, indicating strong, immediate demand for physical gold bullion.
- A weaker US dollar can make gold more affordable for international buyers, potentially driving up demand and contributing to the price surge.
- The price movement is part of a longer-term trend, with gold prices having increased by over $1,889 per ounce compared to the same time a year ago, highlighting its role in a balanced portfolio.
Spot gold price surges over 3% to $4,916.50 per ounce amid market volatility
Feb 6, 2026, 1:03:40 PM UTC(9 hours ago)
Impact: High
Affected Assets
Sources
From:@DeItaone
SPOT GOLD EXTENDS GAINS, LAST UP OVER 3% AT $4,916.50/OZ
