Gold, Silver ETFs Rebound Up to 10% After Crash: What's Next for Precious Metals?
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Moneycontrol•03-02-2026, 10:27
Gold, Silver ETFs Rebound Up to 10% After Crash: What's Next for Precious Metals?
- •Gold and silver ETFs saw a significant rebound on February 3, recovering up to 10% after a recent massive crash.
- •Analysts suggest the sharp drop was a technical correction, not a fundamental deterioration, with long-term drivers remaining intact.
- •Gold futures (March expiry) jumped nearly 4% to Rs 1.5 lakh per 10 grams, while silver futures (March expiry) rallied almost 9% to Rs 2,57,480 per 10 grams.
- •The previous crash was attributed to CME Group hiking margin requirements, forcing liquidation, and reports of a hawkish Federal Reserve Chair nomination.
- •Rising expectations for at least two rate cuts by the American Federal Reserve this year are also contributing to the current rebound.
Why It Matters: Precious metals and their ETFs are rebounding strongly, driven by technical corrections and rate cut expectations.
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