Gold & Silver Drop - Money Weekly Newsletter from alooola®

Gold & Silver Drop

February 2, 2026

Precious metals plunged after markets reacted to President Trump’s selection of Kevin Warsh as Fed chair, boosting the dollar and driving silver down 31% (its second-worst day ever) and gold down 11%, their worst one-day declines since 1980. _*1

A global survey of more than 4,000 CEOs found AI adoption has seemingly delivered limited measurable benefits to corporations so far, with 56% reporting neither higher revenues nor lower costs. ₂

U.S. pending home sales fell 9.3% in December, the largest monthly decline since April 2020, with non-seasonally adjusted sales hitting a record low and the Midwest seeing the biggest drop. ₂

Last Friday, Microsoft stock dropped nearly 10%—its worst day in over 12 years—as investors questioned whether Azure, the company’s cloud computing and AI platform, is growing fast enough to justify Microsoft’s heavy spending on artificial intelligence. _*3

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alooola® is an SEC Registered Investment Adviser. Material presented is for informational purposes only, and is not meant to be advice to any individual. Talk with alooola® to see how this information may apply to you. Consider your current financial situation, tolerance for risk, and investment objectives before you invest funds in securities through alooola®. For a more complete explanation of the alooola® service, please visit www.alooola.com. Information presented, including past performance of various sectors, vehicles, and indices is not to be construed as a forecast or guarantee of future results. Actual results, performance, or events may differ materially from those expressed or implied herein, and all investments are subject to risk, including loss of principal.

Sources:

WSJ – “Heard on the Street: Silver Scream”
MFS – “Beyond the News”
MarketWatch – “Buy Microsoft’s Stock While It’s Down? First Ask Yourself This Question”

*Past performance is not indicative of future performance

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