$550B Wiped Out as Gold and Silver Prices Plummet Under Interest Rate Pressures

Gold and silver prices plummeted in a massive sell-off that wiped out over $550 billion in market value within hours. The move was driven by rising US Treasury yields, a stronger dollar, and renewed interest-rate concerns.

The sudden decline saw gold lose an estimated $470 billion in value, while silver shed around $101 billion. Silver's price drop was more pronounced due to its higher volatility and industrial exposure.

Rising Treasury yields and a stronger US dollar put pressure on both metals, leading to their sharp decline. The move is likely to redirect capital into interest-bearing assets, putting additional pressure on risk markets, including crypto and DeFi liquidity.