Monday's market was not very friendly—US stocks opened weak, and precious metals plunged even further.

Regarding this wave of decline, the Chicago Mercantile Exchange Group recently increased margin requirements for gold, silver, platinum, and palladium futures due to heightened market volatility. In short: if you want to continue trading these assets, you'll need to put up more capital. This move directly suppressed gold and silver futures, causing both to decline simultaneously. Keep in mind, just last Friday, these two hit all-time highs.

On the US stock side, major tech giants like Oracle, Tesla, and Nvidia led the decline, but overall, the main indices are not far from their historical highs. Usually, during this time of year, the stock market tends to rise—market insiders call this the "Santa Claus Rally." This current correction might just be a pullback.

There are also some nuances in the energy sector. With no breakthrough in ceasefire negotiations between the US, Ukraine, and Russia, crude oil futures rose accordingly. Additionally, tensions between the US and Ukraine have escalated, pushing oil prices even higher.

Looking ahead, there aren't many corporate earnings reports or economic data scheduled for this week. The real focus will be on the release of the Federal Reserve's December meeting minutes on Tuesday—everyone is eager to see how the Fed views the interest rate trajectory for next year.