Gold, Silver, Oil, and Stocks All Fell on Monday as Market Sentiment Turns Cautious

Odaily News: On Monday, the US dollar strengthened against the Japanese yen in early trading, Asian stock index futures broadly declined, and US stock index futures fell by 1%, highlighting the fragility of market sentiment following a volatile week on Wall Street. At the opening, spot gold extended its losses to 3.5%, silver fell nearly 9%, and WTI crude oil dropped 4%. This came after the US dollar recorded its largest single-day gain since last May on Friday, influenced by a sharp decline in precious metals and former President Trump's nomination of Kevin Warsh for the next Federal Reserve Chair. Overall, the market volatility reflects subdued investor sentiment ahead of a week packed with key events, including interest rate decisions from the European Central Bank and the Bank of England, the US non-farm payrolls report, and numerous corporate earnings releases. (Jin10)