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Precious Metals Prices: Gold, Silver Extend Declines

Posted

February 2, 2026

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Gold fell, following its biggest plunge in more than a decade. Silver also sank deeper, reversing a record-breaking rally. The metals rally accelerated sharply in January, as investors piled into gold and silver on renewed concerns about geopolitical turmoil, currency debasement and the Federal Reserve’s independence. Bloomberg's Martin Ritchie breaks down the situation.

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Precious Metals Prices: Gold, Silver Extend Declines · Bloomberg Television · Sentinel