Stock Movers Fresnillo Plunges, Pandora Jumps, Auction Tech Drops
Feb 2, 2026
Chloe Melle, Bloomberg reporter covering European stocks and commodities. She breaks down miners plunging as metals sell off. She explains why Pandora jumps when silver slides. She covers Auction Technology’s shares dropping after a failed takeover bid.
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Miners Suffer From Fed-Driven Commodity Reversal
- Precious metal miners plunged as commodity prices reversed from recent rallies after a hawkish Fed pick.
- Chloe Melle links the sell-off to Kevin Walsh's nomination raising tighter policy expectations and boosting the dollar.
Pre-Fed Volatility Made Big Price Swings Likely
- Commodity volatility amplified extreme price moves ahead of the Fed decision.
- Chloe Melle attributes the dramatic reversal to run-up volatility plus the hawkish nomination trigger.
Lower Silver Brightens Pandora's Outlook
- Pandora rallied as falling silver prices ease cost pressure on the jeweller ahead of results.
- Chloe Melle notes lower silver improves Pandora's outlook despite prior downgrades and weaker US sales signals.