# Slump in commodities rattles global markets | Reuters

> Precious metals and oil fell as a hawkish Fed signaled rates would stay higher for longer, lifting the dollar. Analysts said the stronger dollar was pressuring gold, silver, oil and base metals.

- Date: 2026-02-02 · published 2026-02-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/20505-slump-in-commodities-rattles-global-markets-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A firmer dollar and higher opportunity cost weigh on commodity prices broadly, which can soften input-related commodities and commodity-linked currencies.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-18 | [GLOBAL MARKETS-Dollar's advance puts squeeze on gold, commodities By Reuters](https://feedsoft.ai/events/63943-global-markets-dollar-s-advance-puts-squeeze-on-gold-commodities-by-reuters.md) | +0.0% | +1.3% |
| DXY | 2026-02-02 | [Metals, crude oil dive in broad commodities market tumble \| Reuters](https://feedsoft.ai/events/8795-metals-crude-oil-dive-in-broad-commodities-market-tumble-reuters.md) | +0.3% | +0.7% |
| DXY | 2021-02-26 | [Stock markets roiled by global bond whiplash \| Reuters](https://feedsoft.ai/events/9588-stock-markets-roiled-by-global-bond-whiplash-reuters.md) | +0.7% | +1.9% |
| DXY | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -0.4% | -0.9% |
| DXY | 2022-11-17 | [Commodities slump as dollar rebounds](https://feedsoft.ai/events/38596-commodities-slump-as-dollar-rebounds.md) | +0.4% | -0.6% |
| WTI | 2026-02-02 | [Metals, crude oil dive in broad commodities market tumble \| Reuters](https://feedsoft.ai/events/8795-metals-crude-oil-dive-in-broad-commodities-market-tumble-reuters.md) | -1.6% | +9.9% |
| WTI | 2021-01-29 | [Global Market Insights: Commodities’ risks; USD and CAD unchanged \| article](https://feedsoft.ai/events/49371-global-market-insights-commodities-risks-usd-and-cad-unchanged-article.md) | +7.5% | +17.7% |
| WTI | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | +4.4% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/world/china/slump-commodities-rattles-global-markets-2026-02-02/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.