Caught an interesting move in metals yesterday - spot silver got absolutely crushed, down 15% intraday, and gold dropped below $4,810 an ounce. Seems like the whole safe-haven squeeze is unwinding now that Middle East tensions have cooled and US-China rhetoric softened. The press on precious metals is real right now. US economic data staying resilient isn't helping either - kills the 'things are falling apart' narrative that usually supports gold. On top of that, the dollar's been running strong and Treasury yields holding steady, which puts additional pressure on gold prices. Coming week has some key data drops (JOLTS job openings, jobless claims for end of January) so could see more volatility. Interesting to watch how long this momentum holds if we get any fresh macro surprises.

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