Gold, silver prices fall further as dollar strength pressures metals
#Gold prices #Silver market #Federal Reserve #Kevin Warsh #US Dollar #Safe-haven assets #Commodity trading
📌 Key Takeaways
- Gold and silver saw a minor recovery on Friday after a 'bruising' week of heavy losses triggered by a strong dollar.
- The nomination of Kevin Warsh for Fed Chair sparked fears of a less dovish central bank, driving the dollar index higher.
- Silver was the week's biggest loser, dropping 14% and facing a potential correction toward $58 an ounce if support fails.
- Easing geopolitical tensions between the U.S. and Iran reduced safe-haven buying interest in precious metals.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Gold DiggerLooks like the only thing shining right now is the dollar's ego! Goodbye gold, hello cold hard cash. 💰✨
Silver LiningSilver might be down but it's still on a rollercoaster of emotions. Can someone get it a therapist? 🎢💔
Fed Up TraderKevin Warsh’s nomination must come with a side of market chaos and a sprinkle of panic! Bon appétit! 🍽️📉 #TradingCuisine
Policy WatcherWho knew the U.S.-Iran talks would let the dollar flex its muscles? Someone get those metals a gym membership! 🏋️♂️💪
💬 Character Dialogue
🏷️ Themes
Commodities, Economy, Geopolitics
📚 Related People & Topics
Gold as an investment
Use of gold as a store of value and investment asset
Gold, alongside platinum and silver, is highly popular among precious metals as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.
Kevin Warsh
American lawyer (born 1970)
Kevin Maxwell Warsh (born April 13, 1970) is an American financier and bank executive who served as a member of the Federal Reserve Board of Governors from 2006 to 2011. During and in the aftermath of the 2008 financial crisis, Warsh acted as the central bank's primary liaison to Wall Street and ser...
Federal Reserve
Central banking system of the US
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to th...
United States dollar
Currency of the United States
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in ...
🔗 Entity Intersection Graph
Connections for Gold as an investment:
- 🏢 Federal Reserve (3 shared articles)
- 🌐 Interest rate (2 shared articles)
- 🌐 United States dollar (2 shared articles)
- 🌐 Diversification (finance) (1 shared articles)
- 🌐 Precious metal (1 shared articles)
- 🌐 Silver as an investment (1 shared articles)
- 🌐 Retirement planning (1 shared articles)
- 🏢 Coinbase (1 shared articles)
- 🏢 Nvidia (1 shared articles)
- 👤 Bank of Thailand (1 shared articles)
- 🌐 Financial regulation (1 shared articles)
- 🌐 Electronic trading platform (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Gold, silver prices log shaky gains after bruising week Author Ambar Warrick Commodities Published 02/05/2026, 08:29 PM Updated 02/06/2026, 03:50 AM Gold, silver prices log shaky gains after bruising week 12 Gold Spot US Dollar 2.01% GC 0.19% SI -3.53% Gold Spot Silver Spot -2.64% Updates with reversal in prices, weekly performances Investing.com-- Gold and silver prices reversed course to advance in Asian trade on Friday, seeing some bargain buying after wild swings and outsized losses this week. Silver remained the underperformer and was set to lose about 14% this week, after having largely wiped out a recent recovery. Gold was set for a relatively smaller weekly decline, but was trading some $800 an ounce off record highs seen last week. Get more key price insights on gold and silver by upgrading to InvestingPro Some cooling tensions between Iran and the U.S. weighed on safe haven-related buying in gold and silver, with the two countries set to hold talks in Oman later in the day. Gold set for mild weekly decline after recovering from near 1-mth low Spot gold fell 0.9% to $4,825.31/oz by 22:56 ET (03:56 GMT), while gold futures for April fell 1% to $4,842.44/oz. Spot gold was trading down about 0.9% this week, after largely failing to hold the $5,000/oz level. But the metal still managed to trade well above a near one-month low hit earlier in the week. "The selloff in the gold market was a little bit more contained due to greater liquidity and less aggressive positioning by investors," ANZ analysts wrote in a note. Silver heads for deep weekly loss as recovery falters Spot silver jumped 2.8% to $72.9655/oz, while silver futures fell 5...