Gold and silver crash in 90 minutes, $3 trillion vanishes and global markets panic

In just 90 minutes, the price of gold and silver plummets, $3 trillion vanishes, and global markets experience a surge in volatility.

Thekabarnews.com—After gold and silver prices fell sharply within minutes, the decline shook global financial markets. Within just 90 minutes, the market lost more than US$3 trillion in value. The sudden crash shocked investors and caused a lot of worry on major trading floors around the world.

Gold prices fell to about $5,135 per ounce, and silver prices fell to about $109. The big drop came after a long rally that had pushed precious metals to all-time highs in the past year. Prices were kept up during that time because geopolitical tensions were rising, the US dollar was getting weaker, and central banks were looking for ways to diversify their reserves.

Market analysts primarily attributed the recent price drop to investors taking profits. Many investors decided to take their profits after prices shot up quickly. These actions caused a lot of selling pressure. Automated trading systems and margin calls made the drop happen even faster once prices started to go down.

The shock did not just affect precious metals. US stock futures also fell, with contracts linked to the S&P 500 and Nasdaq seeing big drops. Wall Street ended the day in the red as the mood on the market got worse.

After Microsoft shares fell about 12 percent because of disappointing earnings reports, technology stocks added to the pressure. The drop in the value of one of the world’s most valuable companies made people even more worried about how well businesses are doing and the economy as a whole.

Economists said that this event shows how weak market confidence still is. People usually consider gold and silver to be safe-haven assets. However, the sudden drop shows that rapid shifts in investor sentiment can hurt even defensive investments.

Despite the current chaos, experts emphasized that volatility is a typical aspect of international markets, particularly following extended periods of significant gains. Investors are now paying close attention to upcoming economic data and signals from central banks. They are also watching changes in the world that could affect the market to see if the sell-off is just a short-term correction or the start of a bigger downturn.