Last night, international stock markets generally closed lower, with major indices fluctuating between a 0.35%-0.51% decline. As a result, risk assets face adjustment pressures today, and market risk aversion sentiment is rising.

What is even more noteworthy is the performance of commodities—international precious metals futures led the decline, with New York gold dropping by 4.52%, silver under pressure fell by 7.38%, and copper also declined by 4.63%. This collective weakness in precious metals sends a clear risk signal.

For traders, today’s focus should be on the overall performance of non-ferrous metal-related assets, as the entire sector may face systemic pressure. The correlation between crypto assets and traditional commodities often becomes evident during risk events. It is recommended to closely monitor macro liquidity changes and implement risk management and position adjustments accordingly.