The US stock market opened today with a less than friendly tone. The Dow Jones Industrial Average declined modestly, dropping only 0.19%, but the S&P 500 index's decline widened to 0.43%, and the Nasdaq fared worse, plunging 0.75%. Behind this divergence, the precious metals sector became the biggest victim—prices plummeted intraday, dragging down the entire mining sector as well. Leading mining companies like Pan American Silver, Coeur Mining, Harmony Gold, and Newmont Mining all opened lower, with declines around 5%, showing a quite fierce downward trend. It appears that market risk appetite is changing, and the appeal of precious metals as a safe haven seems to be weakening, which will have significant impacts on subsequent macro expectations and asset rotation.