Real Vision: Finance & Investing Markets Surge, SpaceX Buys xAI, and Gold Pops 5% — Palvatar’s Big News Recap
6 snips
Feb 3, 2026 Markets rally hard after a surprise manufacturing beat. A headline tech megadeal shocks the space sector and reshapes AI ownership. Gold spikes sharply while silver and Asian equities see volatile rebounds. Crypto experiences heavy liquidations alongside fresh ETF inflows and steps toward retail adoption in Europe.
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Manufacturing Rebound Shifts Sentiment
- US manufacturing unexpectedly expanded in January with ISM at 52.6, the first expansion in 12 months.
- This beats expectations and can significantly shift market sentiment toward risk assets.
SpaceX-xAI Deal Rewrites Expectations
- SpaceX's reported $1.25 trillion acquisition of xAI is framed as the largest merger ever and tied to a planned SpaceX IPO.
- Markets rallied in space and AI names as investors priced in a bigger combined growth story.
Precious Metals Deliver Extreme Volatility
- Gold jumped about 5% for its biggest daily gain since 2008, while silver spiked roughly 8.5%.
- Precious metals remain volatile after recent large moves and a prior extreme sell-off in silver.