TechFlow News: On February 5, according to JINSHI Data, spot gold and silver prices plunged sharply during Thursday’s Asian session, as tensions in the Middle East and between the U.S. and China eased and resilient U.S. economic data weakened safe-haven demand. As of press time, spot silver had extended its intraday decline to 15%, while spot gold fell below USD 4,810 per ounce. Later this week, key U.S. economic data releases include the JOLTS Job Openings report and initial jobless claims for the week ending January 31. On a daily basis, broad-based strength in the U.S. dollar and stable U.S. Treasury yields also weighed on gold prices.
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