Gold and Silver End of Week Review

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.

Crude oil is now giving away some gains after the initial 12% advance catapulted prices to levels last seen in the summer of 2025. That said, the barrel of WTI now breaks below the $71.00 mark, although the positive stance looks unchallenged as traders continue to react to heightened geopolitical risk after US and Israeli military strikes on Iran and the effective shutdown of shipping through the Strait of Hormuz.

EUR/USD is coming under heavy selling pressure, hovering around the 1.1700 region in the latter part of the NA session on Monday. The pair’s severe retracement comes as the US Dollar stages a marked bounce on the back of the prevailing flight to safety atmosphere, as investors react to the escalating conflict in the Middle East.

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

AI is moving from earnings calls into the heart of monetary policy discussions, forcing Federal Reserve officials to confront a new question: How to act if AI reshapes inflation, employment and interest rates at the same time?

Safe-haven flows dominate the action in financial markets to start the week after the United States and Israel carried out a coordinated attack on Iran over the weekend. The US economic calendar will feature the Institute for Supply Management's Manufacturing Purchasing Managers' Index data for February later in the day but investors will remain focused on headlines coming out of the Middle East.