Binance Gold Market Update – 1 February 2026
🟡 Gold prices remain volatile! After hitting historic highs above $5,000/oz in late January, global gold prices have undergone a sharp correction this week. The sell-off has seen bullion retreat from record peaks as investors react to stronger USD and profit booking ahead of key economic cues.
Market movements:
• Gold plunged significantly in global trade, testing levels below $5,000 per ounce in major sessions. 
• Regional rates in markets like India and Pakistan show steep daily moves, reflecting both global trends and local demand
Why it matters:
Investors are watching central bank actions, US dollar strength, and macroeconomic data closely — all influencing gold’s safe-haven demand.
