Analysis: Wosh Hawkish expectations trigger a full-scale collapse of commodities, with gold and silver experiencing an epic shakeout again

DeepFlowTech · 2026-02-02T06:48:06+00:00

On Monday, commodity markets generally declined, with gold, silver, and crude oil leading the drop. Analysts pointed out that as the market sold off US stocks, it also sold off precious metals, reflecting investor bearishness. Meanwhile, the strengthening dollar also put pressure on commodities. Despite this, long-term forecasts for gold prices remain optimistic, viewing the current decline as a correction and a buying opportunity.

DeepFlowTech

2026-02-02 06:48:06

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Deep Tide TechFlow News, February 2nd, according to Jinshi Data, the commodity market declined across the board on Monday, with gold, silver, crude oil, and industrial metals leading the decline. CBA commodity strategist Vivek Dhar stated: “The market has decided to sell off precious metals while selling US stocks, indicating that investors see Waller as more hawkish. Additionally, the strengthening dollar has also put pressure on precious metals and other commodities including crude oil and base metals.” However, he still maintains his prediction that gold prices will reach $6,000 in the fourth quarter. Asian stock markets followed US futures lower sharply, and the chaotic sell-off in the precious metals market added tension to the start of the week, which is filled with company earnings reports, central bank meetings, and economic data. Dhar said: “The key question is whether this marks the beginning of a structural decline in commodity prices or just a correction. We see this as an adjustment and buying opportunity rather than a fundamental shift.”

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