Before Friday's selloff, gold and silver had been on a blistering yearlong rally, fueled by heavy central bank buying and geopolitical tensions.

Gold, silver rates today: Spot gold recovered up to 1% after dropping 4% in early morning session on Monday, during the Asian trading hours. Meanwhile, spot silver also rebounded over 8% to $84.140, after briefly falling nearly 12%.

Gold and silver surge again as volatility spikes; see latest spot prices, record highs, and key drivers like geopolitics and Fed independence—read now.

Gold and silver prices keep notching fresh records. The question now facing investors is whether the surge reflects genuine demand.

Gold, silver rates today: Spot gold rose as much as 2%, surging above the $5,000 mark per ounce. Meanwhile, spot silver also gained 4% to $86.9 on Wednesday, February 4, during the Asian trading hours.