GATA

Gold's bull run seen intact despite steep pullback

Section: Daily Dispatches

By Anjana Anil and Kavya Balaraman
Reuters
via Yahoo News, Sunnyvale, California
Monday, February 2, 2026

Despite a historic pullback in gold and silver prices, triggered by the sharpest two-session selloff in decades, analysts see the metal's ​bull run continuing and expect it to notch fresh record highs later this year.

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Money Metals Exchange chief recalls Warsh's admission about U.S. meddling in gold

Section: Daily Dispatches

7:33p ET Monday, Febrary 2, 2026

Dear Friend of GATA and Gold:

Interviewed by monetary metals advocate Mario Innecco, Money Metals Exchange President Stefan Gleason recalls a conversation he had about gold eight years ago with President Trump's new nominee for chairman of the Federal Reserve's Board of Governors, Kevin Warsh.

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Eldorado Gold to acquire Foran Mining in $2.8 billion deal to raise copper exposure

Section: Daily Dispatches

From Reuters
via MSN News, Redmond, Washington
Monday, February 2, 2026

Eldorado Gold will acquire Canada's Foran Mining in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to copper.

The deal, announced by the companies today, expands Eldorado's production at a time of strong gold prices and rising demand for copper, a key material used in electrification and clean energy.

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Retail demand for gold remains strong in Singapore, Sydney, Thailand

Section: Daily Dispatches

Singaporeans Queueing Up to Buy the Dip in Gold Despite Rout

By Chanyaporn Chanjaroen, Sing Yee Ong, and Nasteho Said
Bloomberg News
via The Business Times, Singapore
Monday, February 2, 2026

People were still queueing up to buy gold in Singapore today even as prices plummeted, showing the extraordinary resilience in retail demand for precious metals.

At the headquarters of UOB, Singapore's only bank offering physical gold products to retail investors, clients and walk-in buyers crowded into a dedicated lounge for bullion transactions.

Matthew Piepenburg: Making sense of the nonsense of 'Silver Friday'

Section: Daily Dispatches

By Matthew Piepenburg
Von Greyerz / Gold Switzerland, Zurich
Monday, February 2, 2026

On Friday, January 30, the world learned (or rediscovered) just how grotesquely rigged the paper gold and silver markets truly are.

Despite no change whatsoever in global supply and demand forces, silver went from a $120 near-high on Thursday to a $78 low on Friday, marking this as the largest single-day crash (35%) in the silver market in 44 years.

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Stuart Englert: Nothing has diminished the case for holding monetary metals

Section: Daily Dispatches

By Stuart Englert
Stuart Englert's Substack
Sunday, February 1, 2026

Major price drops in gold and silver, like the massive smash down last Friday, reveal a lot about buyers and holders of the monetary metals.

Newcomers and momentum traders panicked on Friday, fearing the sky had fallen on their jackpot hopes and get-rich dreams. Many were chasing profits as gold and silver prices soared to repeated all-time highs in 2025, followed by the record run-up that ended on the final trading day of January.

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