Gold Retreats to $4,850 After Historic Sell-Off as Warsh Fed Nomination Reshapes Outlook

2026-02-06 - 09:35

Gold prices found fragile footing near $4,850 per ounce on Thursday, February 6, 2026, as investors attempted to recalibrate positioning following one of the most dramatic corrections in precious metals history. The yellow metal remains down approximately 13% from its all-time high of $5,589.38 reached on January 28, when escalating U.S.-Iran tensions and inflation hedging