Techno Time

Gold Extends Losses as Silver and Oil See Sharp Declines

Monday 2 February 2026 08:36
Gold Extends Losses as Silver and Oil See Sharp Declines

Gold prices continued their downward trend, falling by more than 5% to reach $4,609.20 per ounce.

Silver prices recorded even steeper losses, dropping by over 10% in the latest trading sessions to $76.04 per ounce.

Oil prices also declined by more than 3%, amid ongoing market reaction to former U.S. President Donald Trump’s continued push toward reaching a potential agreement with Iran, a development that has weighed on energy markets.