A dark day for metals! In just 24 hours, gold and silver suffered a historic plunge, wiping out nearly $1 trillion in market value.
Panic gripped Wall Street ahead of the Fed’s next meeting:
🟡 Gold (-2.8%): Lost a staggering $810 billion.
⚪ Silver (-5.8%): More than $190 billion vanished.
🔴 Copper (-2.8%): Plunged to a five-week low, dragged down by falling AI stocks.
⚪ Platinum and palladium: Fell 4% and 3.7%, respectively.
The culprit? Oil prices surged, raising inflation fears and unleashing a sea of red across the markets.$XAUT Time to buy?
Panic gripped Wall Street ahead of the Fed’s next meeting:
🟡 Gold (-2.8%): Lost a staggering $810 billion.
⚪ Silver (-5.8%): More than $190 billion vanished.
🔴 Copper (-2.8%): Plunged to a five-week low, dragged down by falling AI stocks.
⚪ Platinum and palladium: Fell 4% and 3.7%, respectively.
The culprit? Oil prices surged, raising inflation fears and unleashing a sea of red across the markets.$XAUT Time to buy?