The Daily Bullion: Nikkei drops 4%, precious metals sell off
The Nikkei 225 slid 4.17% and silver dropped 4% as precious metals sold off broadly. Gold, platinum and palladium all fell while oil held firm.
The Nikkei 225 slid 4.17% and silver dropped 4% as precious metals sold off broadly. Gold, platinum and palladium all fell while oil held firm.
Oil led the session with WTI and Brent up over 3%, Bitcoin firmed 2.3%, and Wall Street closed lower as European indices led the declines.
Brent and WTI jumped over 3% while the DAX, CAC and IBEX all shed around 0.7%. Bitcoin rose 2.3% and gold pushed to 4,416. Full European wrap.
Crude and Bitcoin lead the tape as US and European indices slip, while gold and silver hold near multi-month highs. Here's where the majors stand.
A quiet close: the Nasdaq 100 and S&P 500 edged up, the Nikkei extended its run, and gold slipped from record territory as crypto drifted lower.
Nikkei added 0.41% to 68,953 in an otherwise flat session, while gold eased to $4,370 and crypto majors drifted lower into the London close.
A subdued session sees the Nikkei extend its lead while crypto softens and majors barely budge. Gold sits near 4,370 and silver holds a 71% year.
US stocks closed higher led by the Nasdaq 100's 1.37% gain, while gold, silver and crude all retreated into the New York close.
Precious metals fell across the board with palladium down 4.2% and gold off 1.5%, while the Nasdaq 100 rose 1.4% and the Nikkei added 1.1%.

Platinum (XPTUSD) trades at 1716.78, down 2.31% on the session, sitting 13.62% below its 200-day average with subdued ATR and a neutral RSI reading.
US tech opens the day higher with the Nasdaq 100 up 1.37% and the Nikkei up 1.12%, while gold, silver and platinum all retreat. FX majors sit flat.
The Nikkei 225 jumped 1.88% and gold and silver each rose 0.83%, while Cardano and Dogecoin led a broad crypto retreat into the US close.