Gold Closes Week Above $5,000 for the First Time as Central Banks and Geopolitics Fuel Historic Rally

2026-02-09 - 09:05

Gold Market Report · Morning of February 9, 2026 The Big Three 1 Gold closed the week above $5,000 for the first time. After a historic crash to $4,400 on January 31 — the sharpest single-day decline since 1983 — gold staged a dramatic recovery, closing Friday at $5,001.60 per ounce (+0.69% on the week),