Gold prices climbed in early Asian trading on Tuesday, with silver and platinum also posting solid gains, as precious metal markets steadied after suffering two days of sharp selloffs. The rebound offered some relief to investors following a brutal rout that erased trillions of dollars from gold and broader precious metals valuations.
Spot gold surged 2.7% to $4,788.40 per ounce, while April gold futures rose by the same margin to $4,809.54 per ounce. Silver prices outperformed, with spot silver jumping 4.3% to $82.6315 per ounce. Platinum also advanced, gaining 1.8% to trade at $2,168.84 per ounce. The recovery signaled renewed buying interest after aggressive profit-taking dominated recent sessions.
The recent decline in gold prices was largely driven by market reactions to U.S. President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh as the next Fed chair. While the announcement removed a key source of uncertainty, it also dampened safe-haven demand. Warsh is widely viewed as less dovish than investors had anticipated, raising expectations that U.S. monetary policy could remain relatively tight.
Although Warsh has supported Trump’s calls for lower interest rates, he has been critical of the Federal Reserve’s asset-buying programs and has advocated for a smaller balance sheet. These views fueled a rebound in the U.S. dollar, which recovered from near four-year lows and added pressure on gold and other non-yielding assets.
Investor focus is now shifting to upcoming U.S. nonfarm payrolls data due on Friday, which could provide clearer signals on the health of the U.S. economy and the future path of interest rates. Additionally, easing geopolitical tensions have weighed on gold’s appeal as a safe haven. Talks between the U.S. and Iran over Tehran’s nuclear program are set to resume, reducing immediate fears of military escalation.
Despite short-term volatility, analysts continue to closely monitor gold price trends, with long-term outlooks remaining a key area of interest for investors heading into 2026.


India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist
China Home Prices Rise in January as Government Signals Stronger Support for Property Market
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook
South Korea Factory Activity Hits 18-Month High as Export Demand Surges
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 



