Trading news
Feb 2, 2026
Gold stabilises after sharp correction as dip buying emerges
Gold (XAU/USD) stabilises on Monday with dip-buying interest emerging after a sharp correction from last week’s surge to fresh all-time highs near $5,600. At the time of writing, XAU/USD trades around $4,770, recovering after an intraday slide of nearly 10% to over three-week lows near $4,402.
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Feb 2, 2026
USD/JPY: Bank of Japan cautious on hiking – BBH
According to Brown Brothers Harriman (BBH) analysts, USD/JPY has retraced about 50% of last week’s decline and is trading just under 155.00. The Bank of Japan's recent policy meeting reinforced a cautious hiking bias, with a base case for another rate hike expected at the April 28 meeting.
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