Gold trades near $5,050 as it approaches the $5,100 price pedestal, testing momentum after a recent pullback. Analysts noted the move in early February 2026 amid rising macro and geopolitical uncertainty (Ed. note: this came after an intra-month decline earlier in February).
According to Rashad Hajiyev, he expects gold to reach $5.2k and then roll back to $5k. He posted that view in a tweet on Feb 9, 2026.
Hajiyev also highlighted monthly gains and maintained a year-end target of $8k for 2026. “My $8k 2026 target is unchanged…” appears in his Feb 8, 2026 tweet.
Investor Thomas Kaplan described the recent dip as temporary and expects new highs above $5,600. “Investor Thomas Kaplan says the recent dip in gold is temporary and expects prices to exceed last month’s $5,600 record.” This summary appeared in a tweet on Feb 9, 2026.
Market participants noted miners gaining on the move, and senior gold miners GDX rose nearly 5% as prices firmed.
