COMMODITY
Gold futures trade sharply lower in early deals of Monday
Feb-02-2026
Gold futures traded sharply lower in early deals of Monday, after prior session’s sharpest fall in more than a decade. Investment appeal of the bullion dulled after the nomination of Kevin Warsh as the next Federal Reserve Chairman, amidst his perceived hawkish stance on interest rates. Strong dollar and technical correction dulled the rates further. The yellow metal for the most active contract had fallen about 5% this week.

Gold futures for February delivery tumbled by $83.70 or 1.76% to $4,661.40 an ounce on the Comex division of the New York Mercantile. While, spot gold dipped by $ 254.54 or 5.20% to $ 4,639.69 an ounce.

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