$XAU
XAUUSDT
Perp
5,053.5
-0.36%
Silver plummeted up to 16.6% to roughly $76/oz, while gold slid 3.5% to $4,859. $XAG
XAGUSDT
Perp
82.81
-2.88%
The crash was fueled by a strengthening US Dollar following Kevin Warsh’s nomination as Fed Chair and aggressive margin hikes by the CME. Investors are now deleveraging as they await clarity from upcoming central bank meetings.