Weaker than expected NFP report could pave the way for another rate cut in the US and that was exactly what precious metals needed to roar higher. Silver prices stormed higher (+4% from the daily low!) after a short (but dynamic) correction, platinum saw major gains too. Investors still await a speech from Fed’s Powell (5:30pm BST/6:30pm CEST) as it may have a major impact on weekly closing prices.
Morning Wrap (08.01.2026)
Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide
US grains surge on commodity fund buying 📈 Wheat up 1.5%
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