Gold is experiencing a strong rebound on Binance today, with the XAUUSDT rate around 4,900 USD per ounce. This increase of over 5% comes after massive sell-offs related to political announcements in the United States.
Current Rebound Context
The spot price of gold is set at 4,899.13 USD/t.oz on February 3, 2026, up by 5.13% compared to the previous day, according to CFD data tracking the benchmark market. On Binance Futures, the perpetual contract $XAU / USDT aligns a mark price of about 4,902 USD, with an intraday peak of 4,949 USD and high volume confirming traders' interest. This dynamic follows a sharp drop of nearly 5% the day before, extending a decline of 9-10% last Friday, the most violent in over a decade.
Triggering factors include President Trump's nomination of Kevin Warsh as the next Fed chair, perceived as hawkish, boosting the dollar and weighing on gold. Meanwhile, advancements on the trade front – such as the reduction of US tariffs on India from 25% to 18% following New Delhi's halt of Russian oil purchases – and planned US-Iran negotiations on Friday ease geopolitical tensions, favoring a rebound through 'bargain hunting'.
Technical Analysis on Binance
On the Binance platform, XAUUSDT perpetual shows a technical recovery: support at 4,410-4,700 USD held, resistance at 5,000 USD in sight. Leverage up to 125x attracts speculators, with increased volatility (+5.21% over 24h at 4,902.88 USD). Historically, gold hit a peak of 5,608.35 USD in January 2026, and gains 72.45% year-on-year despite recent corrections.
Forecasts indicate a trade at 4,938 USD by the end of the quarter, and up to 5,209 USD in 12 months, boosted by US inflation at 2.7% and Fed rates at 3.75%. Binance positions itself as a hub for these trades 24/7, with regular updates on future TradFi Perps.
Influential Macroeconomic Factors
Gold traditionally benefits from periods of uncertainty: 50% of its consumption is in jewelry, 40% in investments, and 10% industrial. The largest producers (China, Australia, USA) and consumers (India, China) support physical demand. Currently, uncertainty over US data (non-farm payrolls delayed by government shutdown) reinforces its safe-haven role.
Over one month, +10.18%, despite a low of 4 weeks at 4,404 USD. Compared to silver (+8.47% at 85.92 USD) or platinum (+5.67%), gold dominates precious metals.
Implications for Binance Traders
For Binance users, monitoring XAUUSDT perpetual is key: long opportunities if >4,900 USD, with stops below 4,850 USD. The OTC London market, COMEX, and SGE influence, but Binance offers liquidity and accessibility. Be cautious of leverage risks and dollar impact (DXY at 97,625).
Short-Term Outlook
Despite the rebound, persistent hawkish Fed risks and geopolitical easing could test 4,850 USD. Monitor Trump news and US labor data for the future.