[MARKET UPDATE] Metals sell-off continues with spot gold down about 9% and with spot silver suffering losses of around 14%, while copper futures extend on session lows with losses of around 6%

The sharp decline in precious metals, with gold down about 9% and silver losing around 14%, signals a significant downturn in demand or a shift in market sentiment, possibly related to rising yields or a stronger USD.

Newsquawk StaffPublished 2 Feb 2026, 06:45 UTCOn the live feed at 06:25 UTC — 1 more headline followed before this page went public

Newsquawk headlinesUTC

06:46

Persian Gulf states are warning US officials that Tehran's missiles program remains capable of inflicting significant damage to US interest in the region, via X

06:27

Newsquawk Daily European Opening News - 2nd February 2026

06:25

[MARKET UPDATE] Metals sell-off continues with spot gold down about 9% and with spot silver suffering losses of around 14%, while copper futures extend on session lows with losses of around 6%

06:16

Temasek and LIC (LIC IS) are said to plan share sales in NSE's India IPO

05:00

Singaporean Business Confidence (Q4) 11.00 (Prev. 8.00, Rev. From 8)

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Context

Copper's continued pressure with losses of about 6% further suggests that the broader commodities sector is reacting negatively, potentially affecting inflation expectations and related asset classes. This sustained sell-off could lead to reevaluations in inflation-sensitive portfolios and may provoke tactical positioning shifts among investors.

Metals · last 90 days

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