📉 Global Markets Rattle as Gold and Silver Crash, Powering USD Rally and Equity Pullback

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Forex Market 

USD: Precious Metals Crash Fuels USD Rebound; AUD Volatile
Markets endured another volatile session as a sharp collapse in precious metals triggered a broad USD rebound. Gold plunged over 9.5% to $4,865/oz, while silver collapsed 26–30%, marking its worst intraday fall since 2008. USD strength accelerated late in the session, pushing AUD/USD to fresh lows near 0.6940, after trading a wide 0.6940–0.7055 range. EUR/USD and GBP/USD also slid to new lows, while USD/JPY held near cycle highs around 154.75.

General Market

Wall Street

  • Dow Jones -0.4% | 48,892
  • S&P 500 -0.4% | 6,939
  • Nasdaq -0.9% | 23,462
  • VIX +3.3% | 17.44

Asia-Pacific

  • ASX 200 -0.7% | 8,869
  • Shanghai Comp -1.0% | 4,118
  • Nikkei -0.1% | 53,323

Europe

  • Stoxx 600 +1.1%
  • DAX +0.9% | 24,539
  • CAC 40 +0.7% | 8,127
  • FTSE 100 +0.5% | 10,224

 

Headlines to Watch

United States

  • U.S. ISM Manufacturing expected to rise but remain below 50
  • Fed speakers Bostic and Bowman next week; focus on Bowman as a 2026 voting member
  • Trump nominates Kevin Warsh as next Fed Chair, replacing Powell in May

Central Banks

  • RBA rate decision (Tuesday)
  • ECB monetary policy meeting (Thursday)
  • U.S. & Canadian employment reports (Friday)

FX & Commodities

  • Ongoing fallout from historic gold and silver sell-off
  • AUD/USD demand seen near 0.6900, resistance ahead of 0.7100
Currency PairMid-market Rate
AUD/USD0.6940
AUD/NZD1.1546
AUD/JPY107.82
AUD/CNY4.8273
AUD/EUR0.5862
AUD/GBP0.5077
AUD/HKD5.4261

 

 

 

 

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