Yahoo Finance·2026-01-25 12:54Currency and Economic Trends - The dollar has fallen more than 2.7% against the Swiss franc and roughly 1.8% against the yen, indicating traders are hedging against systemic instability [1][2] - The EUR/USD pair has strengthened nearly 2% over the past five days, reflecting a shift towards safe-haven investments outside of the dollar [2] - Analysts suggest a fracturing global landscape where the USD may lose its reserve currency status, with the US focusing more on the Western Hemisphere [3] Market Performance - The S&P 500 and Dow Jones Industrial Average experienced weekly losses of 0.4% and 0.7% respectively, while the Nasdaq Composite fell by approximately 0.1% [7][8] - Major indexes are facing a second consecutive week of losses as geopolitical tensions impact investor sentiment [8] Earnings and Investment Trends - Major tech companies including Microsoft, Meta, Tesla, and Apple are set to report fourth-quarter results, with a focus on AI spending and funding strategies [9][13] - The tech sector has issued nearly $700 billion in investment-grade debt over the past quarter, nearing the financial sector's issuance of just over $800 billion [15] - Concerns about an "AI bubble" are rising, with analysts emphasizing the need to consider risks associated with high spending and valuations [15][16] Metals Market Dynamics - Gold prices surged nearly 8% last week, reaching over $4,900 per troy ounce, prompting Goldman Sachs to raise its year-end price target to $5,400 [20] - Silver and platinum have also seen significant price increases, with silver surpassing $100 per troy ounce for the first time [20] - Analysts predict a "super-cycle" in select metals due to strong demand and supply constraints, with prices expected to remain above historical averages [24][25]