Yesterday there was a severe Bloodbath in the global market. According to data from January 30, Gold Futures fell by nearly 6.5% and Silver by almost 16% in one day.

Analysts say the main reason is the strong rise of the US Dollar. When the dollar increases, the prices of gold and silver generally decrease.

At the same time, there is Profit Booking happening in the tech sector. Investors are taking profits from AI stocks like Nvidia and AMD, resulting in pressure there as well.

Experts say this is a normal Correction Phase for the market. However, volatility is very high right now, so traders need to be cautious.