February 2, 2026 Investor Insights
Gold & Silver Drop
February 2, 2026
Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.
- 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
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
Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.
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