Snapshot 6:Mon, Feb 2, 2026 10:42:57 AM GMT last edited by ArthursSeat22

Gold Plunges in Record Decline After Fed Chair Nomination

Is gold's correction a buying opportunity or a warning sign of dangerous market volatility?

Published 1 day ago

Gold Plunges in Record Decline After Fed Chair Nomination

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Above: A customer shops for gold jewelry at a gold store in Hangzhou, Zhejiang Province, on Jan. 31. Image credit: Costfoto/NurPhoto/Getty Images

The Spin

Gold'sThe sharpwild correctioninstability wasin inevitableprecious aftermetals anreveal unsustainabledangerous melt-upmarket movements disconnected from $3,000reality. toThose $5,500who withoutinvested meaningfulat pullbacks.the Thepeak structuralshould drivershave behindseen thethat rallybond remainmarkets intact,showed includingno geopoliticalinflation tensionsfears, fiscalTreasury uncertaintyyields andmoved currencyopposite to debasement concerns.predictions Investorsand shouldthe viewdollar's thismovements ascontradict athe buyingsafe-haven opportunitynarrative. toThose graduallywho buildignored positionswarnings throughabout a phased25-35% approachcrash got exactly what they deserved.

The Wall Street Journal

Darshit Patel on X

TheGold's wildsharp gyrationscorrection inwas preciousinevitable metalsafter revealan dangerousunsustainable frothmelt-up disconnected from fundamentals.$3,000 Bondto markets$5,500 showwithout nomeaningful inflationpullbacks. fearsHowever, Treasurythe yieldsstructural moveddrivers oppositebehind tothe debasementrally predictionsremain andintact, theincluding dollar'sgeopolitical movementstensions, contradictfiscal theuncertainty safe-havenand narrative.currency Marketsdebasement don'tconcerns. careInvestors aboutshould emotions,view andthis thoseas whoa ignoredbuying warningsopportunity aboutto agradually 25-35%build crashpositions gotthrough exactlya whatphased they deservedapproach.

The Times of India CNBC

Metaculus Prediction

There is a 50% chance that Gold Futures total price returns will exceed S&P 500 Futures's by at least 1.75% in the Feb. 2-13 period of Q1 2026, according to the Metaculus prediction community.