US Stocks Move: Gold and silver prices rebound sharply, gold mining stocks rise in pre-market trading, Coeur Mining up nearly 5%

Glonghui, February 4th｜Gold and silver prices rebounded, and US-listed gold stocks collectively strengthened in pre-market trading. Namib Minerals rose nearly 6%, Coeur Mining rose nearly 5%, Jintian gained 4.3%, Pan American Silver rose 4%, and multiple stocks such as Anglogold Ashanti and Aris Mining rose more than 3%. In terms of news, after experiencing a sharp decline that began last week, gold and silver prices rebounded on Tuesday. During Wednesday's Asian session, spot gold surged over 2.7%, breaking through $5,080 per ounce. New York gold futures rose more than 3.3%, surpassing $5,100 per ounce. Spot silver accelerated its gains, rising nearly 6% intraday, climbing back above the $90 per ounce mark, rebounding more than $18 from this week's low. Institutions believe that this correction has squeezed out bubbles, which will help the market return to being driven by fundamentals.