Gold and silver retreat 3.1% – July 24, 2026

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

Market breadth36 / 80 up
Equity indices -1.2 %
Crypto +1.0 %
Precious metals -3.1 %
Commodities +3.5 %

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

IndexDay20261J52W
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

DEXE DEXE$2.714+62.71 %
RE RE$0.64+15.59 %
UTK UTK$0.00795+9.66 %
BANK BANK$0.2945+7.36 %
SYN SYN$0.15325+6.33 %
Uniswap UNI$3.855+2.61 %

Losers

RIF RIF$0.1035-12.95 %
TOWNS TOWNS$0.00209-11.44 %
MMT MMT$0.1815-10.85 %
0G 0G$0.184-4.66 %
FF FF$0.06419-4.64 %
OPN OPN$0.0635-3.35 %

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 crude92.19+6.17 %
Brent crude100.69+7.04 %
Gasoline3.3242+2.44 %
Heating oil4.237+4.20 %
Copper6.3435-2.31 %
Gold4050.2-2.45 %
Silver58.054-3.72 %
Platinum1608.8-2.69 %
Palladium1262.3-3.63 %

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.

EUR/USD1.1401-0.31 %
GBP/USD1.3316-0.43 %
USD/JPY0.0061305-0.43 %
AUD/USD0.696-0.40 %
USD/CAD0.7121+0.06 %
USD/CHF1.2309-0.32 %

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.

Pairr (90d)−1 … +1
S&P 500Bitcoin+0.46
S&P 500Gold+0.47
GoldCrude oil (WTI)-0.29
EUR/USDGold+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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