Precious metals saw a sharp selloff over the last 12 hours, with an estimated $1.48 trillion erased from the sector’s market value. Gold fell 4.1%, accounting for roughly $1.22 trillion of the decline, while silver dropped 7%, wiping out about $260 billion. The move highlights a sudden shift in investor sentiment and increased volatility across commodity markets. The decline matters because gold and silver are widely viewed as safe-haven assets, making large losses notable for investors. Market participants will now watch whether selling pressure continues or stabilizes in the coming sessions.
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