Gold price today rebounds above $5,000 as bullion extends comeback after historic rout

Gold price today rebounds above $5,000 as bullion extends comeback after historic rout

NEW YORK, February 4, 2026, 10:03 EST — Regular session Gold surged once more on Wednesday, building on a strong bounce after a tough two-day drop erased its record highs. Spot gold climbed 2% to $5,038.99 an ounce by 9:08 a.m. ET. U.S. gold futures for April delivery gained 2.6%, reaching $5,061.90. (Reuters) The rebound is significant given the selloff wasn’t a mild dip. Spot gold plunged 4.8% to $4,630.59 by 1:32 p.m. ET Monday. Analysts flag…

Why Gold Is Surging Above $5,000? The New Gold Price Predictions from JPMorgan and Deutsche Bank Target +$6,000

Gold price surged back above $5,000 on Wednesday, February 4, 2026, trading at $5,078 after Tuesday's stunning 6% rally, the strongest single-day gain in nearly two decades. The dramatic recovery from Friday's historic crash to $4,400 prompted JPMorgan to issue its boldest gold forecast yet: $6,300 per ounce by year-end 2026. Deutsche Bank doubled down on its $6,000 target, calling it "achievable this year" despite the extreme volatility that sa…

Gold Price Regains $5,000 Level As Buyers Return After Pullback

Gold has moved back above the $5,000 per ounce threshold following a sharp correction that shook investor confidence but ultimately prompted a renewed wave of buying. After briefly falling to around $4,450 earlier in the week, the precious metal rebounded strongly, reflecting revived interest from market participants positioning around perceived value levels. The recovery was underpinned by a combination of technical and macroeconomic factors. T…