Gold and silver retreat 3.1% – July 24, 2026

On the trading day of July 24, 2026, the markets tracked by Alysly showed noticeable risk aversion: 36 of 80 monitored assets (45 %) closed higher. The single largest move came from the commodity Brent-Rohöl at +7.0 %. The major equity indices moved -1.2 % on average, while the crypto market averaged +1.0 %. Notably, equities and crypto diverged, moving in opposite directions on the day.
The key points at a glance
- Breadth: 36 of 80 assets higher (45 %) – noticeable risk aversion.
- Biggest daily move: Brent-Rohöl at +7.0 %.
- Indices: 0 of 6 higher – strongest Russell 2000 (-0.58 %), weakest Nasdaq 100 (-1.90 %).
- Asset classes: leading commodities (+3.5 %), lagging precious metals (-3.1 %).
- Crypto: top gainer DEXE (+62.7 %), top loser RIF (-12.9 %).
- Correlation: S&P 500 ↔ Gold at +0.47 (moderately correlated).
Market barometer
Breadth = share of all tracked instruments (indices, liquid crypto, commodities, forex) with a positive daily change. Bars scale with the magnitude of each asset class's average daily return.
In focus: Brent-Rohöl
At +7.0 %, Brent-Rohöl was the day's most notable single move. The chart shows its trajectory over the selected range:
Indices on the day
| Index | Day | 2026 | 1J | 52W |
|---|---|---|---|---|
| DAX | -1.57 % | -4.7 % | -5.1 % | |
| MSCI World | -1.23 % | +7.6 % | +15.6 % | |
| S&P 500 | -1.23 % | +8.1 % | +16.4 % | |
| Nasdaq 100 | -1.90 % | +12.9 % | +22.7 % | |
| Dow Jones | -1.00 % | +6.7 % | +14.7 % | |
| Russell 2000 | -0.58 % | +17.4 % | +28.9 % |
Of the 6 benchmark indices tracked, 0 closed higher – so the majority slipped. Russell 2000 led the field at -0.58 %, while Nasdaq 100 trailed at -1.90 %. The “52W” column shows where each index sits within its yearly range – a marker far to the right means it is trading close to its 52-week high.
Crypto: daily gainers & losers
From the 50 largest crypto assets by trading volume – illiquid micro-caps excluded.
Gainers
Crypto averaged +1.0 %, moving against equities. The biggest gainer among liquid coins was DEXE at +62.7 %, with RIF trailing at -12.9 %. Crypto remains the most volatile asset class covered here – daily swings of this magnitude are normal and say little about the long-term trend.
Commodities & precious metals
Precious metals averaged -3.1 %, energy and industrial commodities +3.5 %. Cyclical commodities outran metals – often a sign of growth and demand optimism. Gold is a traditional hedge, while crude oil and copper act as growth barometers.
| WTI crude | 92.19 | +6.17 % |
| Brent crude | 100.69 | +7.04 % |
| Gasoline | 3.3242 | +2.44 % |
| Heating oil | 4.237 | +4.20 % |
| Copper | 6.3435 | -2.31 % |
| Gold | 4050.2 | -2.45 % |
| Silver | 58.054 | -3.72 % |
| Platinum | 1608.8 | -2.69 % |
| Palladium | 1262.3 | -3.63 % |
Foreign exchange (Forex)
The key pair EUR/USD moved -0.31 % – the US dollar firmed against the euro, showing relative strength. A firmer dollar tends to weigh on commodities and emerging markets, a weaker one supports them. Prices are drawn from CME FX futures.
| 1.1401 | -0.31 % | |
| 1.3316 | -0.43 % | |
| 0.0061305 | -0.43 % | |
| 0.696 | -0.40 % | |
| 0.7121 | +0.06 % | |
| 1.2309 | -0.32 % |
Cross-asset correlations
Over the past 90 trading days, S&P 500 and Gold were moderately correlated, with a correlation coefficient of +0.47. A value near +1 means they move together, near −1 they move opposite, near 0 there is no linear link. For portfolio diversification, low or negative correlations are valuable – they smooth out volatility.
| Pair | r (90d) | −1 … +1 |
|---|---|---|
| S&P 500 ↔ Bitcoin | +0.46 | |
| S&P 500 ↔ Gold | +0.47 | |
| Gold ↔ Crude oil (WTI) | -0.29 | |
| EUR/USD ↔ Gold | +0.28 |
Summary
Bottom line, July 24, 2026 was a day of noticeable risk aversion across the markets Alysly tracks: 36 of 80 assets closed higher. The headline came from Brent-Rohöl at +7.0 %. Across asset classes, commodities led (+3.5 %) while precious metals lagged (-3.1 %). The correlation between S&P 500 and Gold was moderately correlated (+0.47) – a gauge of how much diversification benefit combining the two currently offers. For long-term investors, though, single trading days are noise: what matters is broad diversification across asset classes, regions and time – not any one day's move.
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