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Global Markets Brief: Crypto Dips, Gold Pulls Back, Nvidia in Focus
CryptoNews

Global Markets Brief: Crypto Dips, Oil Rises, Nvidia Eyed

Markets kicked off the week like a high-stakes poker game:chips stacked, nerves tested, and every card from Powell to Putin threatening to change the odds. Bitcoin stumbled hard, Wall Street cooled after a record run, gold pulled back, and oil crept higher on fresh geopolitical sparks. 

Meanwhile, traders everywhere are locked onto one question: will the Fed finally blink in September? This is the kind of setup where headlines turn into trades and volatility writes the script.

Crypto on the Ropes: Bitcoin Pullback Rattles Stocks

The new trading week opened with turbulence in the crypto space. Bitcoin dropped 3% to $111,610, briefly touching a six-week low near $111,000, erasing much of Friday’s Powell-driven rally above $117,000. Profit-taking, resistance near recent highs, and consolidation concerns fueled the slide. 

Ethereum also came off its record peak, trading at $4,639 after nearly breaching $4,955. Altcoins weren’t spared: Solana fell ~5%, XRP lost ~2.5%, and Dogecoin tumbled ~5%.

Key stats:

Gold Retreats After Friday Surge

Gold, which rallied sharply on Powell’s dovish Jackson Hole remarks Friday, gave back some ground Monday. Spot gold dipped to $3,364/oz while futures fell to $3,408/oz. The yellow metal had surged about 1% last week on hopes of a September rate cut, but enthusiasm was tempered as capital rotated into riskier assets like equities. 

Still, Powell’s signals have kept rate-cut speculation alive, with Fed funds futures showing 84% odds of a 25bp cut in September, up from around 70% a week earlier. That weakness in the dollar underpinned commodities, but as long as equity markets soak up risk appetite, gold may struggle to hold gains. 

Traders now look to U.S. inflation (PCE) data and jobs numbers for confirmation that the Fed will act decisively.

Key stats:

  • Spot gold: $3,364/oz
  • Gold futures: $3,408/oz
  • September Fed cut odds: 84.1% (25bp)

Industrial Metals Find Support

Industrial commodities roared back to life while precious metals stalled. Bets that declining U.S. rates will spur growth and accelerate demand drove copper’s 0.4% increase to $9,780/ton on the LME and $4.55/lb on COMEX. Iron ore surged higher after Rio Tinto suspended operations at a mine in Guinea after a deadly accident, causing a sudden supply shock that rocked an already vulnerable market, while nickel added 0.5% to $14,742/ton.

The split is telling: gold’s shine fades as traders chase stock market momentum, while base metals are still running on a powerful story of growth, infrastructure, and global investment. With China’s stimulus still pumping and infrastructure demand holding strong worldwide, industrial metals are stealing the spotlight; and growth-minded traders can’t afford to look away.

Key stats:

  • Copper: $9,642/ton, COMEX: $4.55/lb
  • Nickel: $14,742/ton

Oil Edges Higher on Supply Jitters

Oil markets saw a modest lift Monday, with Brent up 0.75% to $68.24 and WTI up 0.7% to $64.08, amid concerns of fresh Russian supply disruptions. Ukraine drone attacks hit infrastructure at Ust-Luga and Novoshakhtinsk, sparking fires that rattled traders already wary of Trump’s threat to tighten sanctions if no progress is made in peace talks.

While OPEC+ supply increases have capped bullish momentum, the near-term risk premium remains. Energy strategists see a tug-of-war: fears of lost Russian barrels on one side, and weaker demand from tariff-hit economies on the other. 

Traders remain hypersensitive to geopolitical headlines, with oil effectively balancing between sanctions pressure and OPEC+ output growth.

Key stats:

Wall Street: Records & Caution Ahead

U.S. stocks ended last week on a high, with the Dow closing at 45,631.74 (+1.89%), the S&P 500 at 6,466.91 (+1.52%), and the Nasdaq at 21,496.53 (+1.88%). 

Friday’s Powell boost lifted tech giants including Nvidia, Meta, Alphabet, Tesla, and Amazon. But futures pointed lower Monday, Dow -0.16%, S&P -0.15%, Nasdaq -0.32%, as traders locked in gains and turned focus toward this week’s data and earnings.

The biggest spotlight falls on Nvidia’s Wednesday earnings, with expectations of $45.9B in revenue and a 48% EPS jump. Given Nvidia’s towering $4T valuation and AI dominance, the results could steer not just tech, but the broader market. 

Beyond Nvidia, key data releases this week include durable goods, consumer confidence, GDP revisions, and PCE inflation. 

Key stats:

Wrapping Up: Trading the Crossroads

This week is a coiled spring: Bitcoin searching for balance, gold cooling, oil caught between sanctions and supply, and Wall Street bracing for Nvidia and Fed signals. One thing is certain: volatility is firmly in charge.

At BullRush, these are the moments that separate spectators from traders. Test your instincts, sharpen your edge, and turn market swings into opportunity.

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