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Record Highs Above $5,600 Followed by Sharp Correction Amid Volatility

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Gold Prices Swing Wildly in Early 2026: Record Highs Above

Gold prices have experienced extreme volatility in the opening weeks of 2026, surging to an all-time high near $5,600 per ounce in late January before suffering one of the most dramatic sell-offs in decades, dropping as much as 21% in a single session on February 2. The precious metal has since staged a partial recovery, trading around $4,887 per ounce as of February 5, 2026, reflecting a turbulent start to the year driven by shifting interest-rate expectations, geopolitical uncertainty and massive speculative positioning.

The rally that carried gold to $5,608.35 on January 29 marked the culmination of a historic bull run that saw the metal gain more than 65% in 2025 and continue climbing into the new year. Analysts attributed the surge to sustained central-bank buying, persistent inflation concerns, rising U.S. debt levels, de-dollarisation efforts by emerging markets and investor hedging against potential policy surprises under the second Trump administration.

However, the momentum reversed sharply. Spot gold plunged nearly 9% in a single day on January 30 — its largest daily percentage drop since the 1980s — after reports surfaced regarding President Trump’s nomination of Kevin Warsh to chair the Federal Reserve. Markets interpreted Warsh as likely to pursue a less dovish monetary policy than anticipated, prompting a rush to unwind long positions and triggering stop-loss orders across leveraged funds and retail traders.

Silver suffered even more acutely, collapsing nearly 28–30% in the same session — its worst one-day performance since 1980 — as the gold-silver ratio widened dramatically before compressing again in the rebound.

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By February 5, spot gold had recovered to approximately $4,887 per ounce, down 1.57% on the day but still up 8.70% over the past month and a staggering 71.01% year-over-year. Gold futures for February 2026 delivery traded around $4,988, reflecting ongoing choppiness.

Drivers Behind the Volatility

Several overlapping factors fueled the whipsaw action:

  1. Monetary Policy Uncertainty Expectations for Federal Reserve rate cuts in 2026 have fluctuated wildly. Early-year optimism about aggressive easing gave way to caution after signals from the Trump administration and nominee commentary suggested a more hawkish tilt. Lower short-term rates historically support gold by reducing the opportunity cost of holding non-yielding assets; any delay or reversal in cuts sparked selling.
  2. Central Bank & ETF Demand Central banks continued aggressive accumulation — a trend that began in earnest in 2022 — providing a solid floor. However, retail and speculative ETF inflows reversed sharply during the late-January sell-off, amplifying downside momentum before bargain hunters stepped in.
  3. Geopolitical & Macro Risks Ongoing global tensions, U.S. fiscal deficits, trade policy uncertainty and de-dollarisation efforts by BRICS nations kept a bid under gold. Yet the speed of the rally led to overbought conditions, setting the stage for profit-taking.
  4. Technical & Positioning Extremes Futures positioning reached record net-long levels in late January. The subsequent liquidation triggered cascading stops, creating a self-reinforcing drop that erased weeks of gains in hours.

Analyst Forecasts & Outlook for 2026

Despite the correction, most major banks and research houses remain bullish on gold for the full year:

  • Wells Fargo Investment Institute raised its end-2026 target to $6,100–$6,300 per ounce, citing expectations of lower short-term rates and sustained central-bank demand.
  • J.P. Morgan maintained a $6,300 year-end forecast, arguing that hedges against macro and policy risks have become “sticky.”
  • Goldman Sachs targets $5,400 by year-end, driven by central-bank accumulation and renewed ETF inflows as rates fall.
  • Bank of America sees potential for $6,000 in the coming months, noting that physical-market fundamentals remain supportive despite volatility.

Reuters’ latest poll of 30 analysts and traders (conducted late January–early February 2026) returned a median forecast of $4,746.50 per ounce for the full year — the highest annual projection in Reuters polls dating back to 2012 and up sharply from $4,275 in the October survey.

Silver forecasts were similarly upgraded, with analysts now expecting an average of $79.50 per ounce in 2026 (up from $50 in the prior poll).

Market Implications & Investor Considerations

The volatility has created both opportunities and risks:

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  • Dip-buyers stepped in aggressively after the February 2 low near $4,400, pushing prices back toward $5,000 in subsequent sessions.
  • Physical premiums on coins and bars showed resilience, indicating robust retail demand even during the correction.
  • Gold/silver ratio compressed from extreme levels, suggesting silver may outperform on any sustained rebound.

For investors, the swings underscore gold’s dual role as a safe-haven asset and a speculative vehicle. While fundamentals — central-bank buying, geopolitical risk, fiscal concerns — remain supportive, near-term price action will likely hinge on U.S. monetary-policy signals, dollar strength and positioning unwinds.

As of February 5, 2026, gold’s path forward remains upward-sloping according to most forecasts, but the journey is proving far bumpier than many anticipated after the smooth ascent of 2025.

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Vodafone-Three merger: No retail job cuts planned, CEO confirms

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Vodafone CEO faces £700m cost savings target as FTSE 100 telco loses 73,000 UK mobile customers

A Vodafone store

A Vodafone store in Newbury, Berkshire (Image: PA Wire/PA Images)

Vodafone’s chief executive has pledged there will be no compulsory job cuts among high street workers following the company’s takeover of Three, as the telecommunications behemoth prepares to find hundreds of millions in cost savings from the deal.

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Margherita Della Valle, who orchestrated the massive £16.5bn acquisition shortly after taking charge in 2023, emphasised that physical stores remained crucial to the firm’s customer acquisition strategy.

“From a retail perspective and a property perspective, it’s really important to say that our presence in the high street is really key to our business model… you will continue to see it very strongly,” Della Valle said.

“There will be some duplication but we’ve been very clear… there will not be any redundancies because we really see the high street as a key lever for us.”

Della Valle confirmed the combination remained on course to generate up to £700m in synergies, with benefits expected to materialise in the following year’s financial results, as reported by City AM.

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“50 per cent of that will be the network and IT integration and beyond that I would say strong potential for procurement… and then you have areas such as marketing costs, logistics costs that will also follow,” Della Valle explained.

Her comments came as Vodafone shed more than 70,000 UK mobile subscribers during the final quarter of the calendar year, whilst expansion at the group’s German division underwhelmed market watchers. The FTSE 100 telecommunications giant reported that its UK mobile contract customer base fell by 73,000 during the quarter, attributing this decline to the disconnection of approximately 50,000 “very low-value business SIMs.”

Service revenue in Germany, the company’s biggest market, climbed 0.7 per cent to €2.7bn (£2.3bn), though this missed analysts’ consensus forecast of 1 per cent growth, according to Bloomberg data.

Vodafone stated it had “made a fast start” with integration work following its merger agreement with Three, which received approval last year. The firm noted: “Our spectrum and network sharing activation is ahead of plan,”.

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Overall group revenue increased 6.5 per cent for the quarter to €10.5bn.

Vodafone shares dropped 5.1 per cent to 108p on Thursday morning. Nevertheless, the stock remains up by more than 60 per cent over the past twelve months.

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The Danish Tennis Prodigy Dominating the WTA Tour

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Clara Tauson

At just 23 years old, Clara Tauson has already established herself as one of the most explosive and consistent young forces on the WTA Tour. The Danish star, once the world’s No. 1 junior, has evolved into a top-20 mainstay with a game built on ferocious baseline power, mental toughness and an uncanny ability to seize big moments. As 2026 begins, Tauson is widely viewed as a future Grand Slam champion and a potential successor to the generation of Iga Świątek, Aryna Sabalenka and Coco Gauff.

Here are the 10 essential things every tennis fan should know about Clara Tauson right now.

1. Record-Breaking Junior Career

Tauson dominated the junior circuit like few players before her. She became the youngest player ever to win the Orange Bowl (14 years old in 2016) and captured the Australian Open and French Open junior titles in 2019 without dropping a set in either event. She finished 2019 as the ITF World Junior No. 1 and holds the record for most junior titles won by a Danish player. That flawless junior résumé foreshadowed the fearless, high-risk style she now brings to the pros.

2. Fastest Rise to the Top 100

Tauson turned professional full-time in late 2019 at age 16. By October 2021—just two years later—she cracked the WTA top 100 after winning three ITF W60 titles and reaching the quarterfinals of the Luxembourg Open as a qualifier. Her ascent was one of the quickest in women’s tennis in the past decade, rivaling the early breakthroughs of Emma Raducanu and Leylah Fernandez.

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3. First WTA Title at 18 – Lyon 2022

In March 2022, Tauson became the youngest Dane ever to win a WTA singles title when she captured the Lyon Open at age 18 years and 10 months. She defeated three top-30 players en route to the trophy, including a 7–5, 6–1 final win over Dayana Yastremska. The victory catapulted her into the top 40 for the first time and proved she could handle the pressure of a tour-level final.

4. Breakthrough 2025 Season: Top 15 & Multiple Titles

After several injury-interrupted years, Tauson exploded in 2025. She won three WTA 250 titles (Rabat, Prague, Hong Kong), reached the semifinals of Indian Wells (beating Świątek in the fourth round), and finished the year ranked No. 14 with a 58–19 win-loss record. Her hard-court game improved dramatically, and she ended 2025 with a career-high ranking of No. 12 in January 2026.

5. Massive Power & One of the Fastest Forehands on Tour

Tauson possesses one of the most feared forehands in women’s tennis. Her average forehand speed regularly exceeds 80 mph (129 km/h), and she can hit winners from well behind the baseline. Tennis abstract data shows she led the top 20 in forehand winners per match in 2025. Combined with a heavy, kicking second serve, her baseline game resembles a young Serena Williams in its sheer aggression.

6. Mental Resilience & Comeback Ability

Tauson has repeatedly shown championship-level composure. In 2025 she won 14 of 16 deciding sets she played, including multiple come-from-behind victories. Her signature moment came at Indian Wells when she saved four match points against Maria Sakkari before winning in a third-set tiebreak. Coaches describe her as “ice-cold” under pressure.

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7. Grass-Court Promise & Wimbledon Upside

Although still developing on grass, Tauson reached the fourth round of Wimbledon in 2025—her best Grand Slam result to date—beating two seeded players before falling to eventual champion Barbora Krejčíková. Her powerful serve and flat groundstrokes suit the surface, and many analysts believe she is one of the few young players capable of challenging the current grass-court hierarchy.

8. Danish Tennis Renaissance

Tauson is the highest-ranked Danish woman since Caroline Wozniacki retired in 2020. Together with Clara Burel (No. 42) and former top-20 player Caroline Wozniacki’s protégé Holger Rune on the men’s side, she is leading a new wave of Danish tennis talent. The Danish Tennis Federation credits Tauson’s success with inspiring record participation among girls aged 10–16.

9. Off-Court Personality & Growing Fanbase

Tauson is known for her dry humor, love of heavy metal music (she’s a longtime Metallica fan) and candid interviews. She frequently engages with fans on social media and has built a loyal following in Scandinavia and beyond. Her signature celebration—a fist pump followed by a quick point to the sky—has become instantly recognizable.

10. 2026 Outlook: Grand Slam Contender?

Entering 2026 ranked No. 12, Tauson is projected by most analysts to finish the year inside the top 8. Her goals are clear: a maiden Grand Slam quarterfinal (or better), another WTA 500 title and a sustained top-10 ranking. With a healthy offseason and continued work on her return game and movement, many believe 2026 could be the year she breaks through at a major.

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Clara Tauson is no longer just a promising talent—she is a proven threat with the weapons, mentality and momentum to compete at the highest level. As the WTA’s new power generation takes shape, the Danish star is firmly in the conversation for the sport’s next big champion.

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DNO reports Q4 results below expectations amid Kurdistan recovery

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DNO reports Q4 results below expectations amid Kurdistan recovery

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Business information firm Creditsafe confirms new Cardiff office location

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It is taking space at the refurbished Coal House office scheme

Coal House.

Business information provider Creditsafe is further expanding with a new office in the centre of Cardiff. Nearly two decades after establishing its operational support centre in Cardiff Bay, Creditsafe has confirmed it is being relocated to the Coal House office scheme.

It has agreed a lease to take more than 15,200 sq ft across the top two floors.

The new centre, which is expected to become operational in late March or early April, will be able to accommodate 260 staff in newly designed workspace.

READ MORE: Waterfront hotel in Swansea acquired in a multi-million-pound dealREAD MORE: More business rate relief for hospitality firms in Wales

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Its current Cardiff Bay support centre opened in autumn 2006 at the Caspian Poinnt office scheme. The operation has played a key role supporting Creditsafe’s international expansion. It now operates 14 offices worldwide and employs more than 1,700 people.

Even with hybrid working, Creditsafe said it required a new larger location for its staff across technology, data, finance, HR, product, and sales operations.

Last year it relocated its HQ from Caerphilly to the 50,000 sq ft Ty Meridian building at Cardiff Gate Business Park with. Over the next five years it plans to double the size of its workforce at the HQ to 600.

Carys Hughes, chief financial officer of Creditsafe, said: “This move to such an energy efficient- building aligns with our broader ESG goals, while enhancing the working environment and experience for our employees through improved comfort, connectivity, and community engagement.”

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Creditsafe’s chief human resource officer, Gareth Way, said: “Moving the short distance from Cardiff Bay to a location nearer to the city centre provides staff the opportunity to make more effective use of public transport, and makes the city centre amenities far more available to them.”

Coal House is owned by Create Real Estate who were represented on the letting to Creditsafe by the Cardiff office of Savills through Gary Carver. Mark Sutton of the Cardiff office of Knight Frank acted for Creditsafe.

Running entirely on 100% renewable energy, Coal House has undergone a comprehensive retrofit to meet net zero standards.

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10 New Heroes, Talon Takeover Storyline & Free Season 1 Launch Revealed

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Overwatch Drops '2' in Epic Rebrand: 10 New Heroes, Talon
Overwatch Drops '2' in Epic Rebrand: 10 New Heroes, Talon
Overwatch Drops ‘2’ in Epic Rebrand: 10 New Heroes, Talon Takeover Storyline & Free Season 1 Launch Revealed

Blizzard Entertainment unveiled a monumental reinvention of its flagship hero shooter during the Overwatch Spotlight 2026 livestream on Feb. 4, officially rebranding Overwatch 2 simply as “Overwatch” while announcing 10 new heroes, a year-long “Reign of Talon” narrative arc, sweeping gameplay overhauls and a free Season 1 launch on Feb. 10 — marking the game’s 10th anniversary with its boldest update yet.

The surprise rebrand ditches the “2” suffix amid criticisms that the 2022 free-to-play transition felt more like an expansion than a sequel. Game director Aaron Keller called it a “fresh start” that honors the original 2016 vision while propelling Overwatch into its next decade. “Overwatch is back — bigger, bolder, and more united than ever,” Keller said during the two-hour presentation viewed by millions on YouTube and Twitch.

Season 1 kicks off with five immediately playable heroes — Domina (tank), Emre (damage), Mizuki (support), Anran (damage) and the fan-favorite Jetpack Cat (support, aka Fika) — dropping Feb. 10 alongside a revamped user interface, role subcategories, a new Conquest meta event and the start of a competitive year reset. The remaining five heroes will roll out throughout 2026, tying into the “Reign of Talon” storyline where the terrorist organization launches a global offensive, forcing heroes to adapt in a darker, more divided world.

The Rebrand & Core Overhauls

Dropping “2” symbolizes unity, Blizzard executives explained. “Overwatch has always been about the heroes coming together,” producer Monte Krol said. “The numbering divided us — now it’s just Overwatch, one game, one community.”

Major changes include:

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  • Role Subroles: Tanks split into Vanguard (frontline initiators) and Bastion (area-denial anchors); Damage into Duelist (high-mobility flankers) and Flex (versatile hybrids); Supports into Amplifier (buff/debuff specialists) and Guardian (pure healers).
  • UI Refresh: Streamlined menus, customizable hero cards, and a dynamic battle pass interface with 100+ tiers of cosmetics.
  • Conquest Meta Event: Permanent 4v4 mode launching mid-Season 1, emphasizing objective control over kills.
  • Free-to-Play Evolution: All heroes free at launch; battle pass prices unchanged at $10 (premium track).

The update arrives as Overwatch nears 100 million players, with Season 12 peaking at 35 million monthly actives in late 2025. Yet retention dipped amid hero balance frustrations and PvE content delays — issues Blizzard vows to fix with the Talon arc’s cooperative missions and hero-specific lore cinematics.

Meet the New Heroes: Season 1 Lineup

Hands-on demos showcased the five Season 1 additions, blending fresh archetypes with nostalgic flair:

  • Domina (Tank): A hulking Brazilian enforcer with gravity-manipulating gauntlets. Abilities include a black-hole ultimate that pulls enemies into a crush zone. “She’s the anchor Talon needs,” Keller said.
  • Emre (Damage): Turkish drone hacker deploying sticky bombs and EMP bursts. High mobility via wall-cling jumpsuits him for aggressive flanks.
  • Mizuki (Support): Japanese onmyōji summoning spectral foxes for heals and decoys. Her ultimate creates a spirit barrier that reflects projectiles.
  • Anran (Damage): Chinese martial artist with extendable chain-whips for crowd control and a whirlwind spin attack.
  • Jetpack Cat (Fika, Support): The meme-turned-hero feline rocketeer from Overwatch’s mobile spin-off. Rocket boosts for team dashes, repair nanites from her backpack, and a barrage ultimate. “Fans demanded her — now she’s canon,” Blizzard joked.

All five are unlocked free for everyone at Season 1 start, with premium skins in the battle pass.

Fan Reactions & Competitive Shake-Up

The livestream peaked at 2.8 million concurrent viewers, surpassing Overwatch League finals. Social media exploded: #OverwatchReign trended worldwide, with Jetpack Cat memes dominating X and TikTok.

Veteran player KarQ tweeted: “10 HEROES in ONE YEAR? This is the content drop we’ve begged for.” Pro teams like the San Francisco Shock praised subroles for better comp flexibility.

Critics noted the PvE delay — Talon missions start Season 2 — but Keller promised “narrative-driven raids” by mid-year.

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Overwatch’s Road to 2026 Dominance

Launched in 2016, Overwatch redefined team shooters with diverse heroes and esports spectacle. Overwatch 2’s rocky 2022 debut (forced PvP transition, monetization backlash) tested loyalty, but steady hero drops and console cross-play rebuilt momentum.

2026’s refresh coincides with Nintendo Switch 2 launch support and potential mobile revival. Blizzard teased BlizzCon 2026 hero reveals and a “Talon vs. Overwatch” cinematic series voiced by original cast.

With 10 heroes, subroles and a unified brand, Overwatch aims to reclaim hero shooter supremacy amid Valorant and Apex Legends competition. Season 1’s free entry lowers barriers, potentially surging player counts past 50 million monthly.

As servers prep for Feb. 10, the message is clear: Overwatch isn’t just returning — it’s evolving. Talon reigns, heroes unite, and the fight continues.

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'Food bank usage a sad picture of our community'

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'Food bank usage a sad picture of our community'

Food banks say they are seeing more people using their services for the first time.

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French Industrial Production Slips In December, But Prospects Look Better

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French Industrial Production Slips In December, But Prospects Look Better

French Industrial Production Slips In December, But Prospects Look Better

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Nvidia’s Quiet Shift From Chips To AI Economics (NASDAQ:NVDA)

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Nvidia's Quiet Shift From Chips To AI Economics (NASDAQ:NVDA)

This article was written by

Pythia Research focuses on multi-bagger stocks, primarily in the technology sector. Our approach combines financial analysis, behavioral finance, psychology, social sciences, and alternative metrics to assess companies with high conviction and asymmetric risk-reward potential. By leveraging both traditional and unconventional insights, we aim to uncover breakout opportunities before they gain mainstream attention. Our multidisciplinary strategy helps us navigate market sentiment, identify emerging trends, and invest in transformative businesses poised for exponential growth. We don’t just follow the market—we anticipate where disruption will create the next big winners.Markets don’t move purely on fundamentals; they move on perception, emotion, and bias. We lean into that reality. Investor behavior, anchoring to past valuations, herd mentality during rallies, panic selling from recency bias, creates persistent inefficiencies. These moments of mispricing often mark the start of a breakout, not the end of one.Rather than avoid psychological noise, we analyze it. When the crowd sees volatility, we assess whether it’s driven by emotion or fundamentals. Status quo bias can keep investors blind to companies redefining their category. Fear of uncertainty can delay recognition of businesses with clear but unconventional growth paths. We look for these disconnects.Our process blends deep research with signals others miss: sudden shifts in narrative, early social traction, founder-driven vision, or underappreciated momentum in developer or user adoption. These are often the precursors to exponential moves, if you catch them early.We focus on conviction plays, not safe bets. Each opportunity is evaluated for Risk/Reward profile: limited downside, explosive upside. We believe that the best returns come from understanding where belief is lagging reality.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Gary Neville returns to the Den

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Gary Neville returns to the Den

Gary Neville re-joins the dragons as they put another set of business hopefuls to the test.

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BPER Banca SpA 2025 Q4 – Results – Earnings Call Presentation (OTCMKTS:BPXXY) 2026-02-05

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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