The markets are showing clear risk aversion on Monday morning. Precious metals and cryptocurrencies are correcting strongly, US indices are trending negative overnight, while the US dollar is stabilizing again. Here is an overview of the most important developments.
Gold: Massive Pullback to $4,600
Gold has experienced a very pronounced correction in the last hours. From the recent high area, the price has fallen to currently $4,638 (– approx. 18 % from the all-time high a few days ago), with the current daily low already reaching $4,423.20. The decline appears dynamic and is driven by several factors:
- Stabilization of the US dollar (DXY back above 97)
- Subsiding acute geopolitical premium after recent news situation
- Technical overextension after the extremely rapid rise in January/February
Gold is currently fighting around the zone 4.550–4.600 USD. Holding above the mark could initiate stabilization, a break below could bring the next support at 4.400–4.500 USD into play. Volatility remains very high.
Silver: Parallel Development – Below $75
Silver shows an almost identical pattern to gold, only with even higher amplitude. Current price: **$74.35** (– approx. 38 % from the recent high area). Silver suffers from the same drivers as gold (dollar strength, risk aversion), but is additionally burdened by its industrial demand. The support zone is currently at 72–75 USD. A break below would activate the next larger zone at 65–70 USD. Silver remains significantly weaker than gold and shows a classic „high-beta“ reaction to the overall market.
Cryptocurrencies: Bitcoin Below $77,000
The crypto market is also correcting massively. Bitcoin is currently trading at $76,711 (– approx. 15–20 % from the recent high). Sentiment has clearly clouded since the end of January:
- Declining risk appetite after Fed signals
- Correlation with stocks and precious metals in risk reduction
- Technical overextension (RSI strongly overbought)
Ethereum and altcoins show similar or even stronger declines. The 75,000–78,000 USD zone is now decisive – holding above it could initiate bottom formation, a break could activate $70,000 as the next major mark.
US Indices: Overnight Negative, Pre-Market Slight Stabilization
The major US indices trended negative overnight: S&P 500 currently at 6,885 (– approx. 0.8–1.2 % from Friday's close). Nasdaq and Dow show similar declines. Sentiment is dampened by the combination of Fed hawkishness, PPI surprise and geopolitical uncertainty. In pre-market, a slight recovery is emerging – the S&P 500 is fighting around the 6,900 mark. As long as no new negative news comes, the zone 6,800–6,900 could hold as short-term support.
Dollar Finds Hold Again
The US Dollar Index (DXY) has recovered after yesterday's losses and is currently trading at 97.17. Against the EUR (~1.1850), the dollar has consolidated its position. The inflation impulse from PPI and the dampened expectations of quick rate cuts give the dollar short-term tailwind.
Conclusion
The market continues to show high nervousness. Precious metals and cryptos correct significantly, the indices trend negative, only the dollar can stabilize. The current phase is characterized by high uncertainty – any new impulse (geopolitical news, data, Trump statements) can lead to strong swings. There is currently a kind of „holding pattern“. Anyone who wants to follow prices live on PC or smartphone will find a neutral overview here of established platforms that cover almost the entire range of assets – with the right platform always at hand in volatile markets: To the Trading Platform Overview.
