2026-01-06 01:21:16

In the first week of 2026, the market hasn't stabilized yet, and major institutions have begun to frequently adjust risk parameters, clearly aiming to pour cold water on the hot market. Gold and silver have been rollercoasting since the beginning of the year, with price fluctuations so intense that even seasoned traders are a bit confused.

Non-farm payroll data is about to be released, marking the first heavyweight report after the US New Year holiday. Market focus has long been centered here—this data directly determines the Federal Reserve's upcoming policy direction and influences global asset prices.

Last year, gold and silver performed quite aggressively. Just look at these numbers: the US dollar index plummeted over 9% for the year, marking the largest annual decline in nearly 8 years. Against this backdrop, safe-haven assets naturally surged. The global geopolitical situation continued to heat up, with "powder kegs" ignited around the world, and such concerns directly boosted the safe-haven demand for precious metals. Ultimately, gold and silver both ended the year with their strongest annual gains since 1979, making it a historic market rally.

But in 2026, sentiment suddenly shifted. On the first full trading day of the new year, the financial markets staged a fierce shakeout. Gold and silver prices experienced a cliff-like plunge, with spot gold briefly falling below key levels, and silver's decline was even more shocking. This was not just a simple technical correction; it reflected a complete reversal of market expectations—from optimistic holiday sentiments to extreme panic.

Why is non-farm payroll data so critical? Because it reflects the most authentic picture of the US labor market. Strong employment data would give the Fed a reason to raise interest rates, thereby boosting the dollar and pressuring gold prices; conversely, weak data might prompt the Fed to continue easing, benefiting precious metals and non-US assets like Bitcoin.

This report is especially noteworthy because it is the first complete data set after the US government ended a record-breaking shutdown. Market expectations will be recalibrated based on this data, and liquidity risks are embedded in this uncertainty. The CME has been raising margin requirements repeatedly, seemingly to "cool down" the market, but in reality, it indicates how volatile the market has already become.

In the short term, volatility before and after the non-farm payroll release will likely continue. But the underlying long-term logic remains unchanged: the global liquidity landscape is being reshaped, the dollar's decline trend is hard to reverse, which is a structural positive for alternative assets including Bitcoin. The key is to find the rhythm amid the volatility, rather than being scared by sudden drops.

BTC1,54%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
9
Repost
Share

Comment

0/400

ShibaOnTheRun

· 01-08 03:28

Oh my, here comes more cold water. Sitting on this roller coaster with gold makes me dizzy. Retail investors get cut first, institutions run away beforehand. Old trick. Non-farm payroll data is like Schrödinger's cat; everyone is betting before it comes out. Just yesterday I made a profit, and now I’m giving it all back. This rhythm is really... A dollar crash is long-term, but in the short term, these institutions really play psychological warfare. I’m optimistic about Bitcoin long-term, but these fluctuations are damn torturous. When margin increases, you know they’re about to go all out. CME’s move was brilliant. When it broke through an integer level, I immediately stopped loss to avoid getting crushed. Historical market trends are inevitably followed by historical corrections, that’s normal. The term "liquidity kill" is very fitting; no one can escape this round.

View OriginalReply0

SocialFiQueen

· 01-07 16:45

Gold plunges and my margin evaporated along with it, this wave is really absolute The institution's tactics are too ruthless, they want to cause trouble before the non-farm payrolls Last year’s gains were satisfying, this year I have to pay back debts, this is the nature of the capital market People talk about long-term optimism, but in the short term, we’re still being scared out, haha The decline of the dollar is a big deal, but this recent sell-off doesn’t seem quite right Margin has increased again, they’re forcing us to cut losses Waiting for the non-farm payrolls to buy Bitcoin again, now it’s too brave to catch the dip Looking for rhythm in volatility? I’ve even lost my rhythm now In this kind of uncertainty, holding positions really depends on mental resilience

View OriginalReply0

DaisyUnicorn

· 01-07 13:03

Non-farm data is like a flower that doesn't know when it will bloom. Right now, there are traders everywhere anxiously waiting and watching. A steep plunge is indeed a bit outrageous, but think about the dollar's 9% decline last year. This wave of correction is just like a flower bowing its head to drink water—don't panic. Gold and silver, which had the strongest gains since 1979, suddenly plummeted. The speed of this market sentiment reversal is truly a major crash scene that can be considered a community consensus. The margin requirements keep increasing—CME is basically nurturing a trap. And just at this moment, non-farm payrolls come to stir the pot. Liquidity risks are really lurking in this kind of uncertainty. I believe the long-term logic hasn't changed, but many have definitely fallen into traps during this short-term volatility. A liquidation and self-rescue guide needs to be on the agenda. The decline of the dollar is a major trend, no doubt, but this week's turbulence has been enough for many to pay tuition. I am one of those who have been educated by it. Actually, we're just waiting for the non-farm payroll moment. Whether it's good news for Bitcoin or just more chaos, the timing is up to it. Market sentiment has shifted from the sweetness of the New Year to poison, and this change happened so quickly I didn't even react—it's a bit outrageous. Watching this rollercoaster of gold and silver, I keep wondering when our unicorn perspective will come in handy. Right now, it's all hand-to-hand combat.

View OriginalReply0

PumpDoctrine

· 01-07 01:28

Gold and silver roller coasters, players are all being thrown out haha Before non-farm payrolls, this wave of slaughter is truly deadly, institutions are never late on harvesting the leeks The big logic of the dollar's decline hasn't been broken, but this short-term drop is really shocking CME's series of operations show how outrageous the current volatility is That surge last year, the biggest since 1979, has it all been wiped out this week? When the non-farm data is released, it's either heaven or hell, no third option Long-term, assets like Bitcoin and other non-US assets will still benefit, it all depends on who can endure this turbulence Market sentiment shifts too quickly, going from optimism to panic in just a瞬间 Experienced traders are all confused, and retail players like us are even more clueless Finding the rhythm in volatility, it's easy to say, but actually operating is not that simple

View OriginalReply0

WealthCoffee

· 01-06 01:51

After a cliff-like drop, all the bought positions got trapped. This non-farm payroll data is really intense. --- The institution's move is a bit ruthless. In the first week of the new year, they gave us a warning shot. --- Gold and silver are rollercoasters; my heart is riding the rollercoaster too. --- Waiting for the non-farm payroll data, it feels like the market will have another big wave. Are you ready? --- Last year's surge of 1979 points feels like a trap waiting for us to jump in. --- The decline of the US dollar is a major trend, but this short-term drop is really testing patience. --- The CME is wildly increasing margin requirements, clearly sending risk signals. --- Liquidity risk is lurking in this uncertainty. Only true bravehearts dare to hold heavy positions. --- Those who bought long before the non-farm payroll are all praying. This data is extremely significant. --- Bitcoin and alternative assets are fine in the long term, but these short-term fluctuations are driving people crazy.

View OriginalReply0

AirdropHunter007

· 01-06 01:50

Oh my goodness, this market move is truly incredible. Yesterday we were celebrating gold reaching a new high, and today there's a cliff dive. Who can withstand this? The non-farm payroll data is really going to explode this time. The CME has been continuously increasing margin requirements, clearly clearing out small retail investors. The danger in this market is very deep. Last year, the dollar plummeted 9% and gold surged accordingly. Now, it’s suddenly being hammered down. It feels like big institutions are eating up the market. Let’s watch quietly. In the long term, Bitcoin should be fine, but this short-term volatility is brutal. My stop-losses have been hit several times. Once the Federal Reserve shifts its policy, global liquidity will have to be reshuffled. It’s uncomfortable.

View OriginalReply0

QuietlyStaking

· 01-06 01:50

Gold has dropped sharply this time, feeling like institutions are cooling down the frenzy at the beginning of the year Non-farm payrolls are just a big gamble; once the data is out, everything needs to be re-priced The decline of the US dollar is a major trend, but during volatile periods, it's really easy to get chopped up; mindset is very important With liquidity so tight and margins continuously being raised, it's obvious that they are controlling the market Long-term, Bitcoin and other non-USD assets remain stable, but in the short term, we just have to endure the fluctuations A decline isn't scary; what's scary is the mental defense line collapsing first. This is when discipline is tested Institutions are harvesting emotional trading during the turbulence; we need to learn to distinguish between technical corrections and genuine reversals The sharp drop at the beginning of the year was indeed fierce, but from a liquidity restructuring perspective, these fluctuations are actually opportunities The roller coaster of gold and silver will likely continue; the key depends on whether the non-farm payroll data can stabilize expectations The global situation heating up has long predicted this kind of uncertainty; the market reaction is still too emotional

View OriginalReply0

APY_Chaser

· 01-06 01:32

Gold and silver have been hit hard in this wave, funds are fleeing Before the non-farm payroll data, this feels like testing the bottom line Is the US dollar really going to end? I still find it hard to believe Institutions are frantically raising margin requirements, they are scaring retail investors Short-term chaos is intense, but in the long run, I still believe in the logic of non-US assets No matter how good the words are, you still get hit; find the rhythm in volatility? Just survive first Gold and silver have given back half of their gains this month, truly impressive When the Federal Reserve's data comes out, another round of stalemate will begin

View OriginalReply0

MetaverseMortgage

· 01-06 01:23

Another wave of plunge, the non-farm payrolls haven't even been announced yet and the bloodshed has already started. Continuously raising margin requirements is really outrageous. Wait, is the US dollar really declining? It still feels quite strong right now, I don't quite understand this logic. Gold and silver have gone from heaven to hell in this wave, it's like a slot machine start. Basically, we're waiting for the non-farm payroll data to be re-priced. Those entering the market now are all gamblers. Institutions cooling down? I think they're just eating up chips, big players' strategies are all the same.

View OriginalReply0