In this week’s episode of Markets in Motion, Bruce Campbell turns his focus to commodities, breaking down a sharp sell-off across oil, gold, and silver.
Bruce explains that the pullback in precious metals was largely driven by rising volatility and a strengthening U.S. dollar following news around a new Federal Reserve chair nomination. Leading into the sell-off, the Gold Volatility Index (GVX) had already surged above the 30 level — a key warning sign that heightened price swings were likely.
As the dollar moved higher, gold and silver, often treated as risk assets in this environment, quickly came under pressure.
Looking ahead, Bruce outlines what investors should be watching next. He highlights the importance of the GVX cooling back toward the mid-20s or lower, which could signal a more stable and lower-risk entry point for precious metals and related stocks.
While this approach may mean giving up some short-term upside, it also reduces downside risk after periods of extreme volatility.
Bruce notes that although gold and silver may consolidate in the weeks ahead, he does not believe the broader trend is finished. Instead, patience and close monitoring of volatility indicators will be key for investors navigating the current commodities landscape.
Watch the full video above.
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