Answer
Feb 05, 2026 - 06:29 AM
As of 9 AM ET on February 5, 2026, all four major precious metals spot prices are trading lower compared to yesterday:
Gold: $4,848.80/oz (-4.36%)
Silver: $74.64/oz (-18.05%)
Platinum: $2,017.00/oz (-13.09%)
Palladium: $1,699.50/oz (-9.15%)
This synchronized decline is largely attributed to a "reset" in market sentiment following the nomination of a more hawkish Federal Reserve Chair, which has bolstered the U.S. dollar and dampened the immediate appeal of non-yielding bullion.
