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Gold's bull run seen intact despite steep pullback
By Anjana Anil and Kavya Balaraman
Reuters
via Yahoo News, Sunnyvale, California
Monday, February 2, 2026
Despite a historic pullback in gold and silver prices, triggered by the sharpest two-session selloff in decades, analysts see the metal's bull run continuing and expect it to notch fresh record highs later this year.
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Spot gold prices plunged nearly 10% on January 30, its steepest fall since 1983, breaking below the historic $5,000 per ounce milestone scaled just days previously and wiping out much of the gains for the year. Silver fell 27% in the same session, its biggest downfall on record.
Gold fell more than 13% and silver nearly 34% over the last two trading sessions.
But analysts largely expect this to be temporary.
"Although the fall was large and fast, it should also be remembered that we are currently at the same levels we saw just three weeks ago," said Ross Norman, an independent analyst.
"This is a significant correction but it does not, by any stretch of the imagination, signify the bull run has ended." ...
... For the remainder of the report:
https://finance.yahoo.com/news/gold-bull-run-seen-intact-191022128.html
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