📰 Global Markets Rocked by Historic Commodities Crash — Gold & Silver Plunge

Global financial markets were rattled on Monday as major commodities — especially gold and silver — plunged sharply, dragging stocks and other assets lower. The sharp downturn was triggered after news of President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, seen by investors as a more hawkish pick, which strengthened the U.S. dollar and dimmed demand for non-yielding assets like precious metals.

Gold prices slid roughly 5–9% to multi-week lows, while silver fell more than 13–27% following record highs hit last week. Energy and industrial metals also declined as risk sentiment soured, and stock indices across Asia and Europe moved lower amid broader selloffs tied to commodity weakness.

Markets are now bracing for possible short-term volatility as traders reassess interest rate expectations and unwind crowded positions in commodities futures. Analysts caution this may be a market correction rather than a long-term collapse in commodity values, especially if long-term safe-haven demand persists for precious metals.

   

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