Gold price falls below $4,700 for first time since January 19

Business & Economy February 02, 5:02

By 4:15 a.m. Moscow time, the price of gold accelerated its decline and stood at 4,644.8

MOSCOW, February 2. /TASS/. The price of gold futures with settlement in February 2026 on the Comex exchange (a division of the New York Mercantile Exchange) fell below $4,700 per troy ounce for the first time since January 19, according to trading data.

As of 4:10 a.m. Moscow time (01:10 a.m. GMT), the price of gold was 4,666.5 per troy ounce (-4.91%).

By 4:15 a.m. Moscow time (01:15 a.m. GMT), the price of gold accelerated its decline and stood at 4,644.8 (-5.35%). That means that the price of gold fell below $4,650 for the first time since January 19.

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