Gold & Silver Slide: ~$600B Paper Losses in Minutes
Gold and silver prices fell sharply in a volatile session, erasing a significant portion of their market value. While online posts exaggerated losses at $1.4 trillion, realistic paper losses are estimated around $600–700 billion combined, reflecting rapid intra-day market swings.
Key Facts:
• Gold: Dropped ~3–4%, reducing market cap by roughly $400–500B.
• Silver: Fell ~8–10%, trimming market cap by $120–200B.
• Market mechanics: These are paper losses, based on current valuations — actual cash is not wiped out unless positions are sold.
• Volatility driver: Strong U.S. economic data and bond yields pressured non-yielding assets like gold and silver.
Expert Insight:
While dramatic headlines circulate online, actual losses reflect market re-pricing rather than real money disappearing. Investors should monitor precious metals for opportunities during short-term volatility.
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