Gold, Silver Likely to See Continued Volatility — Market Talk

2026-02-02

Volatility across precious metals is likely to remain high in the near term, analysts at ING say, with macro uncertainty, real-rate expectations, and the direction of the U.S. dollar continuing to drive sentiment. "While a correction was overdue after the intense rally, the scale of Friday's decline far exceeded most expectations," they say. "Price direction in the near term will hinge on the extent of dip‑buying from Chinese investors following Friday's retreat." In afternoon trading, gold futures are up 0.6% at $4,775.20 a troy ounce, while silver futures rise 6.1% to $83.44 an ounce.