[MARKET ANALYSIS] Precious metals stage a comeback following the recent sell-off

Precious metals, particularly gold and silver, are rebounding significantly following a recent sell-off.

Newsquawk StaffPublished 3 Feb 2026, 02:18 UTCOn the live feed at 01:58 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

02:30

Korea (Republic of) 30-Year KTB Auction 3.565% (Prev. 3.250%)

02:15

[MARKET ANALYSIS] T-note future languish at the prior day's trough after recent flattening post-ISM data

01:58

[MARKET ANALYSIS] Precious metals stage a comeback following the recent sell-off

01:28

[MARKET UPDATE] Asia-Pac stocks further extend on advances with Nikkei 225 now higher by more than 3%, while the KOSPI is the biggest gainer and is up by almost 5% in a broad turnaround from yesterday's bloodbath

01:27

Shanghai issues 2026 economic targets including GDP growth of around 5% and CPI around 2%

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

WTI/Brent: WTI Mar'26 +0.3% / Brent Apr'26 +0.2%

Oil prices get slight reprieve after declining yesterday amid some unwinding of the geopolitical risk surrounding a potential US attack on Iran, with US envoy Witkoff and Iranian Foreign Minister Araghchi to meet on Friday in Istanbul to discuss a possible nuclear deal.

Gold: +3.90%

Continued its recovery from the recent historical slump, while the resurgence also coincides with a firm rebound in silver prices.

Copper: +1.4%

Edged higher alongside the broad comeback across the metals complex and the much-improved risk sentiment.

Context

This turnaround appears to be linked to easing geopolitical tensions surrounding discussions on a potential US-Iran nuclear deal, which has improved overall risk sentiment and led to a broader recovery in the metals complex. Traders should watch how ongoing diplomatic efforts continue to influence precious metal prices and related commodities.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

Immediate upside seen in oil following these reports.

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.