Japan Jibun Bank Services PMI came in at 53.7, above forecasts (53.4) in January

Feb 4, 2026

Gold Price Forecast: XAU/USD recovers above $4,950 as US-Iran tensions boost safe-haven demand

Gold price (XAU/USD) trades in positive territory near $4,985 during the early Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.

USD/JPY strengthens above 155.50 on Japan's political uncertainty

The USD/JPY pair gains momentum to around 155.85 during the early Asian trading hours on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) amid political uncertainty in Japan.