Precious Metals and Commodities

Wall Street wobbled into 2026 as early gains faded—S&P 500 slipped about 0.1% after an intraday pop, the Nasdaq fell roughly 0.3% and the Dow rose modestly, with mixed tech leadership as AI darlings Nvidia and Broadcom gained while Microsoft and Alphabet pulled back. Investors remain cautious after a 2025 rally of more than 17% driven by AI names, extreme commodity swings (notably in silver and gains in gold), and three Fed rate cuts late last year despite inflation above 2%, leaving markets sensitive to upcoming jobs, services and consumer‑sentiment data amid light year‑end trading.