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Intelligence Alert: Global Gold Market Enters Correction Phase Following Decade's Sharpest Single-Day Decline

Agency Source: Latest News: Read Latest News Live, India's Latest News Today | Hindustan Times Bureau Release: February 2, 2026 | 03:17 IST
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Analysis indicates a significant market correction in precious metals, with spot gold experiencing a 6.3% decline on Monday—the most substantial single-day drop in over a decade. This movement suggests the unwinding of previous bullish positions amid shifting macroeconomic indicators. Concurrently, silver demonstrated pronounced volatility, initially climbing 3.2% before reversing to approximately $75 per ounce, reflecting broader market uncertainty. Intelligence suggests this correction may signal a recalibration of investor sentiment following extended rallies, potentially influenced by evolving monetary policy expectations and strengthening alternative asset classes. Market participants are advised to monitor for sustained pressure on gold as technical support levels are tested. The volatility in silver further underscores the fragile equilibrium in commodity markets. While some analysts interpret this as a temporary adjustment, the magnitude of the decline warrants close observation for potential systemic implications across global financial markets. This development represents a critical inflection point in precious metals trading strategies.

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