✅ What actually happened
#Gold and #silver crashed globally, erasing about $5 trillion in market value after heavy liquidation and expectations of a hawkish U.S. Fed chair.
Some datasets show gold losing ~$3.5T and silver ~$1.5T, totaling roughly $5T combined. �
In another analysis, a historic liquidation event wiped around $7 trillion from precious metals within about 48 hours.
👉 So a figure like $4.02 trillion is plausible as a snapshot from specific trading windows, but most mainstream coverage points to a $5T+ wealth wipeout rather than that exact number.
📉 Why the crash happened
Key triggers reported by analysts include:
Profit-booking after record highs
Rising U.S. dollar
Expectations of tighter monetary policy
Surprise nomination of a more inflation-focused Fed chair
Prices had surged to records before the drop — gold hit about $5,597/oz and silver $121/oz — making the market vulnerable to a sharp correction.
✅ Bottom line:
Yes, trillions were wiped out — one of the largest precious-metals selloffs ever — but the broader evidence suggests ~$5–7 trillion, not precisely $4.02T.
