Speculators Drive Gold Price. Forecast as of 10.02.2026

For a long time, XAU/USD quotes rose on fundamental factors, but in 2026, gold fell into the hands of speculators. Its exponential growth proves this. The collapse was inevitable. Now, the crowd of bulls is divided. Let's discuss this topic and make a trading plan.Major Takeaways Gold has faced an extreme speculative fervor. The previous drivers of the XAU/USD are not as strong. The precious metal's price is driven by the crowd. Short trades on gold can be opened below $5,080 per ounce.Weekly Fu