April gold big snapback in the overnight session up about $282 sitting at 4935. High was 4974 just below 5,000 mark. Gold volatility really coming in in this session here at 37 - big drop from yesterday.

March silver looking at the verge of another breakout to the upside. Silver volatility coming down quite a bit at $84.

Precious metal ETF flows: they're selling gold, silver, platinum, and palladium. Gold ETFs cut about 170,000 troy ounces - biggest one day decrease since November 4th.

Silver ETFs continuing outflows with big selloff yesterday - big cut on ETF flows down 5.41 million troy ounces of silver.

Part of the reason we're seeing snapback in metals: 92-93% inverse correlation between dollar index and gold market. Dollar index sliding in overnight session helping boost gold market up.

10-year Treasury yield sit at about 4.29% - quite elevated here.

Stock futures up a bit with S&P 500 firmly over 7,000 mark. NASDAQ up 100 points and Russell 2000 big bounce back yesterday sitting at about 2652.

CME's Fed watch tool: March 18th meeting only 9% likelihood of rate cut. June 17th looking at about 56% chance.

Seeing yield curve steepening here. Seeing dollar index come off. Hawkish rhetoric that they were really throwing around Warsh is starting to dissolve.

Dollar index 9747 ticking a bit here since start of recording. Euro currency getting little boost at 11813.

WTI crude oil big selloff yesterday on some Iran talks. Now seeing crude oil futures stabilizing pushing bit back up here 6225.

European stocks hit fresh record high. Asian stocks bounced back after Monday's drop with MSCI Pacific Index rising 3.1% - on pace for best day since April.

Huge sell-off like 25% yesterday in natural gas market. Stabilizing bit here with March contract at 322.

We'll see if gold futures can push back through 5,000 mark. Could be some FOMO buying, some algos coming into market. Nice push back through 5,000 should grab headlines.