Gold and Silver Remain Red; Oil and Bitcoin Outlook

Volatility continues to dominate precious metals markets at the start of the week, with gold and silver posting double-digit losses before recovering part of their ground. Gold fell as much as 10% and silver plunged 16%, though both rebounded—gold nearing $4,800 and silver climbing above $82 per ounce. Brent crude dropped nearly 5% after former U.S. President Donald Trump signaled Washington’s renewed talks with Iran, pushing prices below $66.50 per barrel. U.S. Treasury yields held steady—the 10-year yield at 4.26%—while the dollar strengthened to €0.85. This strength followed Trump’s nomination of Kevin Warsh to lead the Federal Reserve, seen by traders as a hawkish signal on inflation and rate cuts. Bitcoin stabilized near $78,600 after a nearly 13% YTD decline—its fourth consecutive month of losses amid weak demand and eroded confidence in its role as a store of value.