European equities are taking a breather this week, and there's a clear culprit: the gold slump is weighing heavily on mining stocks. As precious metals retreat from recent highs, miners across the continent are feeling the pressure. This spillover effect highlights how interconnected traditional markets really are—when gold loses momentum, the entire mining sector tends to follow suit. Worth keeping an eye on how this plays out, especially if gold continues to soften or bounces back. The correlation between commodity prices and equity performance remains a key driver for portfolio watchers.