At-a-Glance
Today’s Top Highlights
The Gold market is seeing strong selling pressure to start the week today trading to its lowest point of 2026 before rallying into the close. The metals saw a big mix today with Gold and Platinum trading lower by over 3% while Copper traded higher by about 2% after bouncing off of the 200-day moving average on a daily chart. The relative strength in the Gold market went down to about 27, which is the most oversold this market has been since October of 2023 where the price was right around $1,800/oz, and now the price is floating around the $4,400 level on the close today.
While the metals saw a bit of a mix, the equities were able to trade higher after seeing a lot of selling headed into this weekend. The Russell led the way higher trading up over 2%, and these equity indices now are trading back and forth around their 200-day moving average on a daily chart. The volatility continued in the Crude Oil market again today with prices falling by about 10% during the session and closing near $89/barrel. The daily swings coming from this market remain wide due to the ongoing supply concern coming out of the Middle East, and traders will be tracking the escalations or de-escalations over the next few weeks relative to the price movements.
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