Answer
Feb 03, 2026 - 06:27 AM
The precious metals market has seen a sharp recovery across the board as of 9 AM ET today. Spot gold is trading at $4,960.90 per ounce (+4.87%), while silver has surged to $88.10 per ounce (+7.90%). In the PGM sector, platinum is priced at $2,246.50 per ounce (+4.98%) and palladium is at $1,800.82 per ounce (+4.03%). This broad-based rally is primarily driven by a "buy the dip" sentiment following a historic margin-call sell-off, combined with renewed safe-haven demand sparked by geopolitical tensions and concerns over U.S. fiscal policy.
