US Stocks Movement | Gold and Silver Prices Rebound, Precious Metals Sector Rises Again

Glonghui, February 3rd｜Vista Gold rose over 9%, First Majestic Silver rose over 6%, Coeur Mining rose over 5%, Pan American Silver and Ganfeng Lithium rose over 4%, Eros Gold, Kinross Gold, and Newmont Mining rose over 3%. On the news front, spot gold surged over 6%, once breaking through $4,950/oz; spot silver once soared over 12%, returning above $89/oz. Deutsche Bank reiterated its target price of $6,000/oz for gold, believing that macro drivers remain unchanged. Goldman Sachs Research Department also maintained its forecast that gold prices will reach $5,400/oz by December 2026, citing continued central bank gold purchases and the potential rate-cut path of the Federal Reserve.