[MARKET UPDATE] Spot gold tests USD 4,900/oz to the upside amid a continuation of the recent rebound

Gold prices testing the USD 4,900 per ounce level highlights ongoing bullish momentum in the market.

Newsquawk StaffPublished 3 Feb 2026, 07:46 UTCOn the live feed at 07:26 UTC — 6 more headlines followed before this page went public

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07:43

Shanghai Gold Exchange to adjust margin ratios to 17% (prev. 16%) for some gold and silver contracts, and widen the daily price limit to 16% (prev. 15%) as of the 4th February settlement.

07:32

French Finance Minister Lescure says that the 2026 budget will reduce the deficit to 5.0% from 5.4%, GDP growth of 1% so far in 2026 is a good start

07:26

[MARKET UPDATE] Spot gold tests USD 4,900/oz to the upside amid a continuation of the recent rebound

07:16

"Lebanon's Deputy Prime Minister to Al-Arabiya: The demarcation of the land border with Syria will begin soon"

07:10

Additional European Equity News

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Context

This rebound can reflect safe-haven demand amid uncertain macroeconomic conditions and could suggest increased appetite for commodities as an inflation hedge. Traders should monitor this level closely, as a decisive break could lead to further upside or reinforce a shifting trend in market sentiment.

All markets · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

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

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

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%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

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EQUITIES/1 Sept · 16:17 UTC

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

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

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

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