NEW DELHI: US financial markets witnessed extreme volatility as sharp swings in gold, silver and US equities led to an estimated $9 trillion movement in market capitalisation within a few hours, highlighting heightened uncertainty across asset classes.
Amid high-end volatility in gold markets, US markets saw a massive swing after prices of major commodities such as gold and silver crashed sharply before staging a strong recovery within just 6.5 hours. Gold prices initially fell by around 8 per cent but recovered swiftly, reflecting intense intraday trading activity.
Market data showed that nearly $9 trillion in market capitalisation changed hands during the session. Gold erased almost $3 trillion in value as US markets opened, before adding back close to $2 trillion by the market close. Silver wiped out around $750 billion initially, but later staged a strong reversal, adding back nearly $500 billion.
US equity markets also mirrored the sharp volatility. The S&P 500 erased $780 billion in intraday trading but recovered $530 billion by the close. The Nasdaq dropped around 2.4 per cent initially and saw a wipeout of $760 billion before adding back $580 billion by the end of the session. Combined US equities erased $1.15 trillion intraday and recovered $1.07 trillion by the close.
According to a report by BullionVault, gold and silver sank from fresh record prices on Thursday, with the crash in traditional safe-haven assets knocking gold almost $500 per ounce lower to $5,100. Silver, described as an industrially useful precious metal, plunged by 11.9 per cent amid a slump in major US AI and technology stocks.
The report further noted that gold peaked on Thursday just $5 per ounce below $5,600. The 8.7 per cent fall in gold prices wiped out $3.4 trillion from the value of all gold estimated to be above ground. Silver also saw extreme movements, peaking above $121 per troy ounce, marking a rise of more than 68 per cent in January, its strongest-ever monthly gain outside December 1979. Prices later slipped to $107.
The fall in precious metals coincided with pressure on technology stocks, with cloud-computing and data giant Oracle falling 5.4 per cent, while chipmaker Nvidia declined 2.7 per cent at the open amid fears of an AI bubble crash.
In India, similar volatility was seen on the Multi Commodity Exchange (MCX). Gold prices dropped nearly 12 per cent to an intraday low of Rs 1,57,808 per 10 grams (24 karat) after touching a high of Rs 1,80,779. However, prices later recovered to around Rs 1,69,600, reflecting strong buying interest at lower levels. (ANI)
I haven¦t checked in here for some time because I thought it was getting boring, but the last several posts are great quality so I guess I¦ll add you back to my everyday bloglist. You deserve it my friend 🙂
I don’t usually comment but I gotta admit regards for the post on this great one :D.
I know this if off topic but I’m looking into starting my own weblog and was curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100 positive. Any suggestions or advice would be greatly appreciated. Appreciate it
I consider something really special in this site.
whoah this weblog is great i love reading your articles. Stay up the great paintings! You already know, many people are searching around for this information, you could help them greatly.
I do consider all the ideas you have offered on your post. They are really convincing and can certainly work. Nonetheless, the posts are very quick for starters. Could you please extend them a bit from subsequent time? Thank you for the post.
Thanks for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our local library but I think I learned more from this post. I’m very glad to see such magnificent info being shared freely out there.
Undeniably consider that that you stated. Your favourite reason appeared to be at the web the simplest factor to take into accout of. I say to you, I certainly get annoyed whilst other people consider issues that they plainly don’t recognize about. You managed to hit the nail upon the highest and defined out the whole thing without having side effect , other folks can take a signal. Will probably be again to get more. Thank you
This really answered my problem, thank you!
Pretty nice post. I simply stumbled upon your blog and wanted to mention that I’ve truly loved surfing around your blog posts. After all I will be subscribing on your feed and I’m hoping you write once more very soon!
Aw, this was a really nice post. In idea I would like to put in writing like this additionally – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and by no means seem to get one thing done.
Hello! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no back up. Do you have any solutions to prevent hackers?
Great beat ! I would like to apprentice while you amend your website, how could i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
Thanks for the auspicious writeup. It in reality used to be a entertainment account it. Glance complex to far introduced agreeable from you! However, how can we communicate?
Rattling great information can be found on weblog. “That is true wisdom, to know how to alter one’s mind when occasion demands it.” by Terence.
This is the best blog for anybody who wants to search out out about this topic. You realize so much its virtually laborious to argue with you (not that I actually would want…HaHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, just nice!
I conceive this website has some very excellent info for everyone. “The fewer the words, the better the prayer.” by Martin Luther.
You have mentioned very interesting points! ps nice website . “‘Tis a sharp medicine, but it will cure all that ails you. — last words before his beheadding” by Sir Walter Raleigh.
Have you ever thought about publishing an e-book or guest authoring on other blogs? I have a blog based upon on the same topics you discuss and would really like to have you share some stories/information. I know my viewers would appreciate your work. If you are even remotely interested, feel free to shoot me an email.
This is the precise blog for anyone who wants to seek out out about this topic. You realize so much its almost onerous to argue with you (not that I truly would need…HaHa). You undoubtedly put a new spin on a topic thats been written about for years. Great stuff, just great!
Pretty nice post. I just stumbled upon your blog and wished to say that I have really enjoyed surfing around your blog posts. In any case I’ll be subscribing to your rss feed and I hope you write again soon!
I believe this site holds some real good information for everyone. “Variety is the soul of pleasure.” by Aphra Behn.
I love it when people come together and share opinions, great blog, keep it up.
Thank you for your own effort on this site. Debby delights in conducting research and it’s obvious why. All of us hear all relating to the compelling way you offer efficient steps by means of the blog and as well attract response from others on this matter then our own girl has been learning a whole lot. Enjoy the remaining portion of the new year. You are doing a splendid job.
Well I definitely liked studying it. This subject procured by you is very constructive for proper planning.
Whats Going down i’m new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads. I hope to give a contribution & aid different customers like its aided me. Good job.
I have recently started a web site, the information you provide on this web site has helped me tremendously. Thank you for all of your time & work.
I am glad to be one of several visitants on this great website (:, thanks for putting up.
I am glad to be one of many visitors on this outstanding site (:, appreciate it for putting up.
I’ve been exploring for a bit for any high quality articles or weblog posts on this kind of house . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i’m glad to show that I have an incredibly excellent uncanny feeling I found out exactly what I needed. I so much certainly will make sure to don’t omit this site and give it a glance on a relentless basis.
I truly appreciate this post. I’ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again
What i don’t understood is in truth how you are not really much more well-preferred than you might be right now. You are very intelligent. You recognize thus considerably in relation to this subject, made me individually imagine it from numerous numerous angles. Its like women and men aren’t interested except it’s something to accomplish with Woman gaga! Your individual stuffs nice. All the time handle it up!
Whats up! I just want to give an enormous thumbs up for the good info you might have here on this post. I will probably be coming again to your weblog for extra soon.
I am glad to be a visitant of this everlasting web site! , thankyou for this rare information! .
Hey there would you mind letting me know which web host you’re using? I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot quicker then most. Can you recommend a good web hosting provider at a honest price? Thanks, I appreciate it!
I like this post, enjoyed this one thank you for putting up. “Pain is inevitable. Suffering is optional.” by M. Kathleen Casey.
I got good info from your blog
I know this if off topic but I’m looking into starting my own weblog and was curious what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 sure. Any tips or advice would be greatly appreciated. Thank you
I love your writing style genuinely enjoying this site.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
I got what you mean ,saved to fav, very nice web site.
I’ve been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m happy to convey that I’ve a very good uncanny feeling I discovered just what I needed. I most certainly will make certain to do not forget this web site and give it a look on a constant basis.
Good website! I really love how it is simple on my eyes and the data are well written. I am wondering how I might be notified whenever a new post has been made. I have subscribed to your RSS feed which must do the trick! Have a great day!
There is perceptibly a bunch to know about this. I think you made various nice points in features also.
I see something truly interesting about your web site so I saved to bookmarks.
I really like your blog.. very nice colors & theme. Did you make this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to find out where u got this from. many thanks
I am not sure the place you are getting your info, however great topic. I must spend some time studying more or figuring out more. Thanks for great info I was on the lookout for this information for my mission.
It is appropriate time to make some plans for the longer term and it’s time to be happy. I have learn this submit and if I could I want to counsel you few fascinating issues or tips. Maybe you can write next articles referring to this article. I want to read more issues approximately it!
Your place is valueble for me. Thanks!…
Great website. A lot of useful information here. I’m sending it to a few friends ans also sharing in delicious. And naturally, thanks for your sweat!
I have recently started a site, the info you provide on this web site has helped me greatly. Thanks for all of your time & work.
Very clear website , thankyou for this post.
An impressive share, I just given this onto a colleague who was doing a bit analysis on this. And he in truth bought me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love studying extra on this topic. If possible, as you change into experience, would you thoughts updating your weblog with extra details? It’s extremely useful for me. Huge thumb up for this weblog post!
Hi there would you mind sharing which blog platform you’re using? I’m planning to start my own blog soon but I’m having a hard time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique. P.S Sorry for getting off-topic but I had to ask!
Appreciate it for this post, I am a big big fan of this internet site would like to go along updated.
obviously like your web site however you need to take a look at the spelling on quite a few of your posts. Many of them are rife with spelling problems and I in finding it very bothersome to tell the reality however I will surely come again again.
Nice blog right here! Additionally your web site so much up very fast! What web host are you the usage of? Can I get your affiliate hyperlink for your host? I want my website loaded up as fast as yours lol
hello!,I like your writing very much! share we communicate more about your article on AOL? I need a specialist on this area to solve my problem. Maybe that’s you! Looking forward to see you.
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your weblog? My blog is in the exact same niche as yours and my visitors would certainly benefit from a lot of the information you present here. Please let me know if this okay with you. Thanks a lot!
You actually make it seem really easy along with your presentation but I in finding this matter to be actually one thing which I believe I would by no means understand. It kind of feels too complicated and extremely extensive for me. I am having a look ahead to your subsequent publish, I will try to get the grasp of it!
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Youre so cool! I dont suppose Ive learn anything like this before. So nice to seek out any individual with some authentic thoughts on this subject. realy thank you for beginning this up. this website is one thing that is wanted on the web, someone with just a little originality. useful job for bringing something new to the web!
This is the fitting blog for anybody who needs to search out out about this topic. You understand a lot its almost arduous to argue with you (not that I actually would need…HaHa). You definitely put a new spin on a subject thats been written about for years. Great stuff, just nice!
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade web site post from you in the upcoming also. Actually your creative writing abilities has inspired me to get my own site now. Actually the blogging is spreading its wings rapidly. Your write up is a great example of it.
Right now it sounds like Drupal is the best blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?
You can definitely see your enthusiasm in the work you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.
magnificent points altogether, you simply received a new reader. What would you suggest in regards to your post that you simply made a few days ago? Any positive?
Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!
I like reading and I believe this website got some really utilitarian stuff on it! .
Hey there! I’m at work surfing around your blog from my new iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the outstanding work!
Great write-up, I’m regular visitor of one’s site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
Undeniably imagine that which you said. Your favorite reason seemed to be on the net the simplest thing to keep in mind of. I say to you, I certainly get annoyed while people consider worries that they just do not understand about. You controlled to hit the nail upon the top and also outlined out the entire thing with no need side-effects , people can take a signal. Will probably be again to get more. Thanks
Hi there, I discovered your website by way of Google while searching for a related topic, and I was genuinely interested after seeing it appear in the search results.
The writing style feels friendly and engaging, which helps keep the reader interested from the beginning all the way to the end.
Wow! Thank you! I constantly needed to write on my blog something like that. Can I include a part of your post to my website?
Enjoyed studying this, very good stuff, thankyou. “Be not careless in deeds, nor confused in words, nor rambling in thought.” by Marcus Aurelius Antoninus.
Many websites focus only on publishing large amounts of content, but this article clearly focuses on quality instead.