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The Rise and Fall (and Rise Again) of Gold Prices: What's Going On?

Gold prices surged to a record $5,500 before dropping nearly 10% on January 30, then rebounded with the largest one-day gain since 2008 amid geopolitical risks and market uncertainty.

Summary by Phys.org
In late January, the gold price reached an all-time peak of around US $5,500 (£4,025). January 30 saw one of the largest one-day falls in prices, which sank by nearly 10% after hitting a record high only the day before.

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The Conversation broke the news in on Tuesday, February 3, 2026.
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