Global Markets Rocked by $9 Trillion Swing in Gold, Silver, and US Equities

Global financial markets experienced one of their most volatile sessions in recent memory, as sharp intraday swings in gold, silver, and US equities led to an estimated USD 9 trillion movement in market capitalization. The turbulence underscored investor anxiety over global growth, inflationary pressures, and speculative trading activity.

Gold prices fell nearly 8%, erasing close to USD 3 trillion in value during US market opening hours, before recovering about USD 2 trillion by the close. Silver mirrored the trend, plunging 11.9% and wiping out around USD 750 billion, only to rebound with gains of nearly USD 500 billion.

US equity indices also saw sharp declines and partial recoveries, reflecting the spillover effect of commodity volatility and investor repositioning.

Key Highlights:

• Gold: Dropped 8%, erased USD 3 trillion, recovered USD 2 trillion.
• Silver: Fell 11.9%, lost USD 750 billion, regained USD 500 billion.
• US Equities: Mirrored commodity swings, erasing and regaining over USD 1 trillion.
• Drivers: Inflation concerns, speculative trading, and global demand uncertainty.
• Impact: Heightened volatility across asset classes, affecting investor sentiment worldwide.

This dramatic session highlights the fragility of global markets and the interconnected nature of commodities and equities.

Sources: ANI, MSN, The Tribune, Reuters