[MARKET UPDATE] Precious metals continue to decline (XAU -4%, XAG -7.3%) as DXY rebounds from losses earlier in the week

The decline in precious metals, with gold and silver down significantly, is likely driven by a rebound in the DXY, suggesting strengthened dollar sentiment.

Newsquawk StaffPublished 29 Jan 2026, 15:48 UTCOn the live feed at 15:28 UTC — 5 more headlines followed before this page went public

Newsquawk headlinesUTC

15:30

US Senate Republication Leader Thune says shutdown talks are going in the right direction, Politico reports

15:30

US EIA Natural Gas Stocks Change (Jan/23) -242Bcf vs. Exp. -232Bcf (Prev. -120Bcf)

15:28

[MARKET UPDATE] Precious metals continue to decline (XAU -4%, XAG -7.3%) as DXY rebounds from losses earlier in the week

15:25

Repsol (REP SM) and Chevron (CVX) is to receive licence approvals from the US Treasury's OFAC, according to Politico

15:25

US Defence Secretary Hegseth is reportedly not expected to attend NATO's Defence Minister meeting next month, according to sources

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Context

This movement indicates reduced demand for these alternative stores of value in the face of a firmer dollar, which often inversely affects commodity prices. Traders should monitor the dollar's trajectory as it impacts inflation expectations and broader market sentiment.

All markets · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

METALS/1 Sept · 08:06 UTC

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

Spot Gold, after we published−1.0%

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

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