**Market Brief: Gold Stages Strong Rebound Amid Shutdown Concerns** **Tuesday, February 3, 2026** **Price Action & Rally** Gold prices surged on Tuesday, rallying nearly **4 percent** to trade around the **$4,855** per ounce level. This sharp rebound follows a volatile "two-day wipeout" that saw the metal dip to lows near **$4,660** earlier in the session. The recovery marks a significant turnaround after recent heavy selling pressure. **Key Drivers** Market sentiment is currently dominated by the ongoing **partial U.S. government shutdown**, which began on January 31 after Congress failed to pass a funding agreement. * **Political Gridlock:** Investors are closely watching Washington as the House returns to vote on a potential deal to end the standoff. * **Uncertainty:** The lack of immediate resolution has reignited demand for safe-haven assets, helping bullion recover lost ground. **Outlook** While trading volume remains sensitive to political headlines, the market is also positioning ahead of key labor data later this week. For now, the focus remains squarely on Capitol Hill and the immediate path to restoring government funding. **Summary** * **Current Price:** ~$4,855/oz (Spot) * **Day Change:** ~+4% * **Primary Catalyst:** U.S. Partial Government Shutdown