#PreciousMetalsTurbulence
💰 Gold and silver experienced their most significant decline in years during trading on January 30.
After a series of record highs, precious metals prices plummeted.
Gold prices fell more than 10%, falling below $4 900 per ounce. This was the largest daily decline since the early 1980s.
🪙Silver plunged more than 30%.
🪙Platinum fell 27%.
🪙Palladium fell more than 21%.
In a day and a half, the precious metals market "lost" more than $7 trillion.
The main catalyst for the decline was news that US President Donald Trump was nominating Kevin Warsh to head the Federal Reserve.
This triggered a rise in the dollar, making precious metals more expensive for international buyers.
XAUUSDT
دائم
4,678.05
-3.66%
XAGUSDT
دائم
78.61
-7.33%