Metals Meltdown, Iran Deal Hope Sinks Oil & Huang Spooks Tech Stocks | The Opening Trade 2/2/2026

Market Intelligence Analysis

AI-Powered
Why This Matters

The metals market experienced a significant downturn, with gold and silver prices plummeting due to a record-breaking precious-metals rally unwinding. Oil prices also declined after the US President's comments on Iran eased geopolitical risk premiums. Tech stocks were negatively impacted by Nvidia's CEO statement on the company's investment in OpenAI.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Gold losses big, after its biggest plunge in more than a decade on Friday, while silver’s year-to-date gains were wiped out as a record-breaking precious-metals rally unwound at breakneck speed. Plus, oil plunged after US President Donald Trump said Washington is talking with Iran, easing geopolitical risk premiums. Also, Nvidia CEO Jensen Huang helped cause a tech sell-off after saying the company's proposed $100 billion investment in OpenAI was "never a commitment". The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Continue Reading
Full article on Bloomberg
Read Full Article
Original article published by Bloomberg on February 2, 2026.
Analysis and insights provided by AnalystMarkets AI.