THE WEEK AHEAD ECONOMIC DATA RELEASE 1ST FEB 2026 US NFP JAN’26 PREVIEW SILVER THE PATTERN 1980-2011-2026 REPEATS AGAIN KEVIN WARSH: THE CHAIR OWNS THE ROOM THE WEEK AHEAD ECONOMIC DATA RELEASE 25TH JAN 2026 JPY Now Likely to See Joint Japan US Intervention Trump’s Marginal Utility of Tariff Threats is Rapidly Decreasing FED JAN’26 MEETING PREVIEW

China’s precious metals meltdown is going again

ADMIN || 2nd February 2026

Gold and silver’s brief respite early Monday is over with Chinese futures markets open and fresh waves of selling breaking out. Spot gold is through its intraday lows from Friday as bullion futures in Shanghai head sharply down.

News that a counterparty fled China leaving deals unfinished, which Bloomberg reported according to people familiar with the matter, may be helping to spur the slide.

The drop in gold and silver on global markets also looks to be reviving the earlier USD squeeze.

Renewed selling across precious metals is hurting sentiment across asset classes. The euro is turning lower, along with US equity contracts and long-end bonds.

Moreover, the early losses for Kospi and Taiwanese equities are likely to undermine Hong Kong and China. It’s going to be another bumpy ride for macro traders.

Legal Disclaimer:

Trading foreign exchange/commodities/equities/bonds on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange/commodities/equities you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange/commodities/equities trading and seek advice from an independent financial advisor if you have any doubts.

Read More