Spot Gold Declines Over 1% to $4,707.99 Per Ounce

0 min read Updated on 06 Feb 2026, 05:26 AM

Reviewed by

Radhika SScanX News Team

Overview

Spot gold prices declined over 1% to reach $4,707.99 per ounce, representing a significant intraday movement in precious metal trading. The decline highlights current market dynamics affecting gold valuations and demonstrates the ongoing volatility in precious metal markets.

*this image is generated using AI for illustrative purposes only.

Gold prices experienced a significant decline in spot trading, with the precious metal falling over 1% to reach $4,707.99 per ounce. This movement represents a notable shift in the gold market during the current trading session.

Current Market Performance

The decline of over 1% brings spot gold to the $4,707.99 per ounce level, marking a substantial intraday movement for the precious metal. This price action reflects the dynamic nature of gold trading and the various factors that influence precious metal valuations.

Metric:	Value
Current Spot Price:	$4,707.99 per ounce
Price Change:	Over 1% decline

Market Implications

The over 1% decline in spot gold prices demonstrates the volatility that characterizes precious metal markets. Gold, traditionally viewed as a store of value and hedge against economic uncertainty, continues to experience price fluctuations based on various market dynamics.

This price movement to $4,707.99 per ounce represents the current market valuation for spot gold, reflecting real-time trading conditions and investor sentiment toward the precious metal.

Spot Silver Declines 2.3% to $69.56 Per Ounce in Early Asian Trading

0 min read Updated on 06 Feb 2026, 04:53 AM

Reviewed by

Radhika SScanX News Team

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Overview

Spot silver declined 2.3% to $69.56 per ounce during early Asian trading. The precious metal faced downward pressure as Asian markets opened, with the decline representing a significant intraday movement that reflects broader commodity market dynamics in the region.

*this image is generated using AI for illustrative purposes only.

Silver prices faced downward pressure during early Asian trading, with spot silver recording a notable decline of 2.3% to settle at $69.56 per ounce. The precious metal's weakness emerged as Asian markets opened, reflecting broader commodity market dynamics.

Market Performance

The decline in silver prices represents a significant intraday movement for the precious metal. The 2.3% drop brought spot silver to $69.56 per ounce, marking a notable retreat from previous levels.

Metric:	Value
Current Price:	$69.56 per ounce
Decline:	2.3%
Trading Session:	Early Asia Trade

Trading Session Context

The price movement occurred specifically during the early Asian trading session, when regional markets typically set the tone for global commodity trading. Silver's performance during this period often influences trading patterns across other major markets as the trading day progresses globally.

The precious metals market has been experiencing various pressures, with silver's decline reflecting the broader sentiment affecting commodity prices in the region.