Crude leads the tape into the new session. UKOil jumped 6.78% to 106.05 and USOil rose 6.65% to 100.74, extending a run that now leaves both barrels up roughly 12.5% on the week and more than 21% on the month.

The move stands in sharp contrast to precious metals, which took the heaviest losses across the board.

Metals

Platinum fell 6.27% to 1,784.12, palladium dropped 5.65% to 1,279.14, and silver slid 5.38% to 63.57. Gold was comparatively steady but still lower, off 1.76% to 4,316.98.

The pullback dents recent strength rather than erasing it: silver holds a 53.16% year gain and gold is up 18.87% over the same span, even after a 2.58% weekly slip in the metal.

Crypto

Bitcoin Cash was the single worst performer in the data, down 10.11% to 226.29. The broader complex leaned red alongside it.

Bitcoin eased 1.38% to 77,185.69, XRP dropped 2.98% to 1.3522, Dogecoin fell 2.33% and Solana slipped 1.6% to 99.86. Ethereum was the outlier, near flat at 2,460.06.

The daily softness sits against a firmer monthly backdrop β€” Bitcoin is up 21.73%, Ethereum 31.05% and Solana 32.26% over the past month, even as all three remain deep in the red on the year.

Currencies

The dollar firmed broadly. USD/SEK rose 0.81% to 9.66787 and USD/NOK gained 0.73% to 9.26092, both among the day’s top movers, while USD/JPY added 0.55% to 154.38.

The commodity currencies bore the weight: AUD/USD fell 0.86% to 0.71579 and NZD/USD dropped 0.90% to 0.57906. EUR/USD eased 0.24% to 1.16049 and GBP/USD slipped 0.31% to 1.35062.

USD/MXN climbed 0.52% to 16.974 and USD/ZAR rose 0.57% to 16.125, rounding out a session of dollar strength against higher-beta names.

Indices

Equities opened the day lower everywhere. The Nasdaq 100 fell 1.08% to 29,118.27 and the Hang Seng dropped 1.14% to 24,728.36, the steepest of the majors.

The Dow shed 0.79% to 52,060.92, the S&P 500 lost 0.66% to 7,595.72, and Europe followed with the DAX down 0.82% and the Euro Stoxx 50 off 0.68%. The Nikkei 225 fell 0.78% to 64,076.63 but still carries a 42.83% year gain.

Into the open, the split between surging energy and a broad metals sell-off remains the session’s defining line.