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Precious Metals and U.S. Equities Suffer Sharp Declines Amid Broad Market Selloff

Precious Metals and U.S. Equities Suffer Sharp Declines Amid Broad Market Selloff

Author:

Global Cryptocurrency

Published:

2026-01-29 23:07:01

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BTCCSquare news:

Global markets reeled as gold plunged 8.2%, erasing $3 trillion in market value, while silver tumbled 12.2%, wiping out $760 billion. The S&P 500 fell 1.23%, shedding $780 billion, and the Nasdaq collapsed over 2.5% in a brutal risk-off session.

The historic metals selloff defied their traditional hedge status, with analysts pointing to Leveraged unwinding and volatility contagion. Equity markets mirrored the carnage as investors fled risk assets across all sectors.

Market technicians note the simultaneous breakdown across asset classes suggests systemic deleveraging rather than sector-specific weakness. The velocity of declines indicates forced liquidations may have exacerbated price action.

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