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Precious Metals Preview: COMEX gold under $5K mark in choppy moves
06-Feb-2026 08:53
COMEX gold futures are lingering below $5K mark in early Asia on Friday tracking broad dollar strength and easing geopolitical tensions as US and Iran have reportedly agreed for talks later in the day. Silver is also under severe pressure are the January surge and is down around 6% on the day at $71.65 an ounce. the yellow metal is down almost 1% at $4843.60 per ounce.Meanwhile, US data overnight showed job cuts reached 108.4K in January, the highest for the month since 2009, while initial claims rose to 231K and ADP payrolls missed forecasts.

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