Zimbabwe Caps Government Gold Purchases at $300 Million
Zimbabwe has limited government gold purchases to $300 million this year in an effort to reduce exposure to fluctuations in global gold prices.
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Zimbabwe has limited government gold purchases to $300 million this year in an effort to reduce exposure to fluctuations in global gold prices.
Central banks more than doubled their net gold purchases in May, led by Poland and China, as official institutions continued to increase their exposure to the precious metal.
Gold fell below $4,000 for the first time since November 2025, while gold and silver markets have lost an estimated $12 trillion in value.
Gold has gained more than 11,000% since 1971 while the U.S. dollar lost over 99% of its value against the metal.
Gold falls below $4,350, entering a bear market after a 22% drop and $1.5 trillion wiped out in hours.
Gold and silver lose $1.3 trillion in value within an hour amid sharp commodity market volatility.
Gold and silver rebound violently, reclaiming nearly $6 trillion in market value within 48 hours after a historic selloff.
Gold and silver rebound sharply, with gold up 5% and silver jumping 11% after recent historic losses.
The precious metals market suffered an unprecedented selloff as gold and silver lost more than $10 trillion in market value in a single day. Extreme volatility pushed gold below $4,400 per ounce and forced Thailand to temporarily halt gold futures trading.
Silver has fallen nearly 38% from its recent peak in just two days, triggering warnings from analysts who point to extreme technical signals. Despite the sharp selloff, the metal still closed the month higher, extending a nine-month rally.
Precious metals lose over $7 trillion in 36 hours as gold, silver, platinum, and palladium suffer historic collapses.
Gold and silver plunge in a historic selloff, erasing nearly $2 trillion in market value in hours.
Silver plunges below $88, losing 26% in 36 hours and posting the worst market value drop in its history.
Gold and silver futures plunge below key levels, wiping out more than $5 trillion in combined market value in 24 hours.
Gold experienced its most extreme trading session on record as more than $3 trillion in market value vanished within an hour before a massive rebound. Analysts say volatility exceeded levels seen during the 2008 financial crisis.