Gold and Silver Rebound After 4-Day Slump; Experts Predict Further Gains

• Gold and silver prices saw a significant surge on Tuesday, February 3, halting a four-day continuous decline.
• In the global market, Spot Gold gained almost 4% to reach $4,830 per ounce, while Spot Silver jumped about 8% to $82.74.
• In India, MCX gold rose by approximately 4% to Rs 148,950 per ten grams, and silver was up 6.75% at Rs 252,200 per kilogram.
• The recent sharp decline, including a 10% drop for gold and 27% for silver on January 30, was the biggest in over 40 years.
• Experts from Sucden Financial, JPMorgan, and Deutsche Bank remain bullish, forecasting higher prices for gold and silver as safe-haven assets.

Why It Matters: Gold and silver prices rebounded strongly after a four-day slump, with experts predicting continued long-term growth.