#GoldAndSilverRebound Gold and silver have experienced dramatic volatility recently, with sharp peaks, historic sell-offs, and strong rebounds in early February 2026.
Gold (XAU/USD) Price Movement
Peak before the drop: Gold hit an all-time high of around $5,600–$5,608 per ounce in late January 2026 (some sources cite highs near $5,598 or $5,608).
Major correction/sell-off: Prices plunged sharply, dropping as much as 21% from the peak in a rapid correction. This included a nearly 10% single-day drop (one of the largest in decades) around late January/early February, pushing prices down to lows