🚨 Major market sell-off underway 🚨

- Gold has plunged approximately 8.2% (or up to ~8.7% from its recent peak near $5,600/oz), erasing roughly $3–3.4 trillion from the estimated total market value of above-ground gold holdings.

- Silver has dropped even more sharply by about 12.2% (from highs above $121/oz), wiping out around $760 billion in market capitalization.

- The S&P 500 declined 1.23%, removing approximately $780 billion in value.

- The Nasdaq fell over 2.5%, with roughly $760 billion erased.

In total, trillions of dollars have been wiped out across precious metals and equity markets in just the past hour (or very short timeframe), driven by profit-taking after record highs, volatility in tech/AI stocks (e.g., Microsoft, Oracle, Nvidia influences), and broader risk-off sentiment.