Why did gold drop so quickly this week?

A perceived hawkish Fed chair pick lifted rate expectations and the dollar. That pressured bullion, flipped momentum signals, and triggered heavy profit-taking. Thin liquidity during the slide widened spreads and sped up the move. Together, these factors drove an 11.7% four-day decline from last week’s highs.

How is Japan gold price set for retail buyers?

Shops base quotes on overseas futures and spot prices, converted into yen using USD/JPY, plus costs and margins. When the dollar strengthens or futures fall, local prices often drop. During high volatility, retailers may update boards more often and widen spreads to manage risk.

What should I watch for gold price today?

Track COMEX futures, USD/JPY, and key US data like jobs and CPI. Also watch any headlines around the Fed chair pick. In Japan, check frequent price board updates and spreads at dealers. These signals guide intraday direction and help time entries or exits with better control.

Is now a good time to buy physical gold in Japan?

There is no one-size-fits-all answer. Consider averaging in with small, regular purchases to reduce timing risk. Compare premiums and buyback terms across dealers, and confirm delivery or storage fees. If you hedge currency, factor USD/JPY moves into your decision before committing larger funds.

Global Market Insights

Gold Slumps 12% in 4 Days; Japan Retail Price Sinks — February 02

ByHuzaifa Zahoor February 2, 2026February 2, 2026

Gold price today is sliding in Japan after four sessions of heavy selling. New York futures fell about 11.7% from last week’s record, as a perceived hawkish Fed chair pick hit rate-cut hopes and lifted the dollar. Retail quotes moved down to around ¥26,712 per gram by February 02, pointing to a fast reset after a strong rally. We break down what is driving the move, how it affects households and traders in Japan, and what to watch next.