--- title: "PRECIOUS-Gold rebounds more than 3% after sharp selloff" type: "News" locale: "en" url: "https://longbridge.com/en/news/274582658.md" datetime: "2026-02-03T01:45:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274582658.md) - [en](https://longbridge.com/en/news/274582658.md) - [zh-HK](https://longbridge.com/zh-HK/news/274582658.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274582658.md) | [繁體中文](https://longbridge.com/zh-HK/news/274582658.md) # PRECIOUS-Gold rebounds more than 3% after sharp selloff Feb 3 (Reuters) - Gold rose more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, as market participants braced for an absence of key economic data this week due to a partial U.S. government shutdown. ### FUNDAMENTALS - Spot gold (XAU=) climbed 3.7% to $4,837.16 per ounce by 0120 GMT, after touching a near one-month low in the previous session. Bullion scaled a record high of $5,594.82 on Thursday. - U.S. gold futures (GCcv1) for April delivery climbed 4.5% to $4,859.30 per ounce. - The U.S. Bureau of Labor Statistics said on Monday the closely watched employment report for January will not be released this Friday because of a partial shutdown of the federal government. - The government partially shut down on Saturday after Congress failed to approve a deal to keep the Labor Department, among other operations, funded. Though the U.S. Senate passed a spending package on Friday, the House of Representatives was out of town. - The House was due on Monday to take up legislation, with a final vote expected on Tuesday. House Speaker Mike Johnson has expressed optimism that the shutdown would end within days. - The dollar held onto gains on Tuesday as positive economic readings and shifting expectations for Federal Reserve policy outweighed concerns about the partial U.S. government shutdown. (USD/) - A stronger dollar makes greenback-priced gold less affordable for holders of other currencies. - Investors expect at least two Fed interest rate cuts in 2026. Non-yielding bullion tends to perform better in low-interest-rate environments. - U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers. - Spot silver (XAG=) rose 5.9% to $84.09 an ounce. It hit a record high of $121.64 on Thursday. - Spot platinum (XPT=) added 3% to $2,183.64 per ounce after hitting a record high of $2,918.80 on January 26, while palladium (XPD=) gained 2.7% to $1,765.75. ### DATA/EVENTS (GMT) 0745 France CPI (EU Norm) Prelim YY, MM Jan 0745 France CPI Prelim YY, MM NSA Jan ### Related Stocks - [iShares MSCI Global Mtls&Mng Prdcrs ETF (PICK.US)](https://longbridge.com/en/quote/PICK.US.md) - [Sprott Active Gold & Silver Miners ETF (GBUG.US)](https://longbridge.com/en/quote/GBUG.US.md) - [VanEck Junior Gold Miners ETF (GDXJ.US)](https://longbridge.com/en/quote/GDXJ.US.md) - [SPDR® Gold Shares (GLD.US)](https://longbridge.com/en/quote/GLD.US.md) - [iShares S&P GSCI Commodity-Indexed Trust (GSG.US)](https://longbridge.com/en/quote/GSG.US.md) - [Agnico Eagle Mines Limited (AEM.US)](https://longbridge.com/en/quote/AEM.US.md) - [Zijin Mining (601899.CN)](https://longbridge.com/en/quote/601899.CN.md) - [Hunan Silver (002716.CN)](https://longbridge.com/en/quote/002716.CN.md) - [ProShares Ultra Silver (AGQ.US)](https://longbridge.com/en/quote/AGQ.US.md) - [SD-GOLD (600547.CN)](https://longbridge.com/en/quote/600547.CN.md) - [Sprott Silver Mnrs & Physical Silver ETF (SLVR.US)](https://longbridge.com/en/quote/SLVR.US.md) - [Gold.com (GOLD.US)](https://longbridge.com/en/quote/GOLD.US.md) - [Global X Gold Explorers ETF (GOEX.US)](https://longbridge.com/en/quote/GOEX.US.md) - [Kinross Gold Corporation (KGC.US)](https://longbridge.com/en/quote/KGC.US.md) - [abrdn Physical PrecMtlBsk Shrs ETF (GLTR.US)](https://longbridge.com/en/quote/GLTR.US.md) - [VanEck Gold Miners ETF (GDX.US)](https://longbridge.com/en/quote/GDX.US.md) - [ProShares Ultra Gold (UGL.US)](https://longbridge.com/en/quote/UGL.US.md) - [abrdn Physical Silver Shares ETF (SIVR.US)](https://longbridge.com/en/quote/SIVR.US.md) - [iShares Gold Trust (IAU.US)](https://longbridge.com/en/quote/IAU.US.md) - [Stt Strt®SPDR®S&P®Mtls &MngETF (XME.US)](https://longbridge.com/en/quote/XME.US.md) - [iShares MSCI Global Gold Miners ETF (RING.US)](https://longbridge.com/en/quote/RING.US.md) - [Global X Silver Miners ETF (SIL.US)](https://longbridge.com/en/quote/SIL.US.md) - [ZHONGJIN GOLD (600489.CN)](https://longbridge.com/en/quote/600489.CN.md) - [US Global GO GOLD and Prec Mtl Mnrs ETF (GOAU.US)](https://longbridge.com/en/quote/GOAU.US.md) - [abrdn Physical Gold Shares ETF (SGOL.US)](https://longbridge.com/en/quote/SGOL.US.md) - [iShares MSCI Global Silver&Mtls Mnrs ETF (SLVP.US)](https://longbridge.com/en/quote/SLVP.US.md) - [Invesco DB Precious Metals (DBP.US)](https://longbridge.com/en/quote/DBP.US.md) ## Related News & Research - [Pasofino Gold Holders Approve Mansa Resources Take-Private Deal](https://longbridge.com/en/news/281278814.md) - [Spot silver rises over 7% to $75.01/oz](https://longbridge.com/en/news/281223133.md) - [Cerrado Gold reports Q4 results](https://longbridge.com/en/news/281642748.md) - [Stuve Gold Corp. 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