• Gold has recovered nearly 15% from recent lows, while silver has rebounded about 25%, as forced liquidations eased and dip buyers stepped in to capitalize on sharply lower prices.
  • Geopolitical tensions added to safe-haven demand after the US Navy shot down an Iranian drone in the Arabian Sea, even as markets await a fresh round of nuclear talks scheduled for Friday.
  • President Trump signed a spending deal restoring funding for key federal agencies, effectively ending the partial US government shutdown and extending Homeland Security funding until February 13, buying time for further negotiations.
  • The US Nonfarm Payrolls report will not be released this Friday; however, the ADP private-sector employment data due Wednesday will offer key insights into labor market conditions.

Technical Triggers   

  • After achieving target of $5000, Gold prices may extend the ongoing rebound towards $5200 (~ ₹163,000), with strong support at $4,900 (~ ₹150,000).
  • Silver is attempting to build a base and is expected to consolidate in the $72–$88 range (~ ₹225,000–₹283,000). If prices sustain above this range, then prices can rally towards $98-100 (~ Rs 320-325000) zone in coming days.

Dr.Renisha Chainani, Head- Research, Augmont