Precious metals rebound to monthly highs as crypto and stocks stall

Precious metals, including gold and silver, are experiencing a significant rebound, approaching monthly highs, contrasting sharply with stagnation in cryptocurrency and equity markets. Gold climbed over 1% and is nearing a seventh consecutive monthly gain, recovering from a sharp pullback in early February. Silver also rose over 6% to set a new monthly high, while platinum and palladium also tracked upward. This rally occurs as Bitcoin trades near $65,500, down slightly for the day, and major US stock indexes like the S&P 500 and Nasdaq retreat. Equity weakness is partly attributed to concerns over planned AI capital expenditures by mega-cap tech stocks, with Nvidia shares dropping significantly despite beating earnings expectations.

(Source：Crypto Briefing)