Gold and Silver Price Action: February 4, 2026 Today's price action for gold (XAU) and silver (XAG) has been largely unchanged, with both metals trading flat at the close of business. As we analyze the current market conditions, it becomes clear that the lack of significant price movement is a result of the ongoing macroeconomic landscape. Gold (XAU) Analysis Technical Analysis The gold price remains stuck in a narrow range, oscillating between 4854.56 and 4952.64. This consolidation phase has been underway since mid-January, as seen on our technical charts. The RSI (Relative Strength Index) is currently trading at 52.5, indicating neutral momentum with neither strong buying nor selling pressure. Macro Analysis The macroeconomic drivers remain supportive for gold prices, including: Continued low interest rates and quantitative easing by major central banks Elevated inflation expectations, driven by supply chain disruptions and rising energy costs Rising risk aversion due to ...
Gold and Silver Prices Hold Steady on February 4, 2026 The precious metals complex has seen little movement today, with both gold (XAU) and silver (XAG) trading at unchanged prices from yesterday's close. Despite the lack of price action, there are several key factors to consider for investors looking to gauge the near-term direction of these two popular assets. Technical Analysis: Gold (XAU) Gold is currently trading at $5047.40 per ounce, with a high of $5097.87 and a low of $4996.93. From a technical standpoint, gold's inability to break above its previous day's high suggests a lack of momentum and potential resistance in the vicinity of $5100. Macro Analysis: Gold (XAU) The recent stabilization in inflation expectations, as measured by the Consumer Price Index (CPI), has contributed to the flattening of the gold price. However, we expect inflation concerns to persist, driving continued interest in safe-haven assets like gold. Additionally, the ongoing monetary poli...