Friday, January 30, 2026 at 8:59 AM
Gold prices retreated sharply after surging to fresh record highs, as traders booked profits and the dollar strengthened.
The dollar strengthens, while tech earnings loom over the markets.
The boom in the precious metal, interrupted by Friday’s plunge, fueled a frenzy among refiners and caused major pain for companies that need the stuff.
Gold settled up 4.4% at a new record high, while silver rose 7.2%, up four of the past five sessions.
Stocks edged higher ahead of this week’s batch of corporate earnings. The Dow industrials rose 0.6%.
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