Real Vision: Finance & Investing Markets Crash: Gold’s Worst Day Since 1983, BTC Dives, Fed Jitters Hit Equities
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Feb 2, 2026 Markets opened chaotic after massive metal sell-offs and steep commodity losses. Asian equities plunged while Europe showed surprising pockets of strength. Bitcoin swung wildly with large liquidations and regulatory talks heating up in Washington. Corporate and regulatory moves in crypto and global macro events added to the volatility.
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Historic Precious Metals Shock
- Gold plunged 9% and silver crashed 27%, marking gold's worst day since 1983 and silver's largest drop on record.
- These moves were driven by profit-taking, a stronger dollar, and political-driven shifts in Fed easing expectations.
Dollar Strength And Margin Moves Pressure Metals
- A stronger US dollar and profit-taking followed Trump’s Fed nominee, reducing odds of aggressive easing.
- CME raised metal futures margin requirements, amplifying pressure on metals positions after today's close.
Oil Eases As Geopolitical Risk Declines
- Oil fell about 5% as US–Iran tensions eased, reducing near-term supply-risk premia.
- Concurrent US government shutdown risk added policy uncertainty to markets.