Global markets experience extreme volatility over the past 24 hours, with sharp losses across commodities, equities, and cryptocurrencies. Precious metals lead the selloff, as gold drops 10.9% and silver plunges 21.5%, erasing an estimated $4.1 trillion and $1.4 trillion in market value, respectively. Copper, palladium, and platinum also post double-digit declines.
Equity markets prove relatively more resilient but still record sizable losses. The S&P 500 falls 0.6%, the Nasdaq declines 1.2%, and the Russell 2000 drops 0.76%, collectively wiping out nearly $900 billion in market capitalization amid heightened risk aversion.
Cryptocurrencies extend the downturn, with Bitcoin down 6.6% and Ethereum falling 7.5%. In total, more than $6.5 trillion is erased across metals, stocks, and digital assets in a single day.