$XAU
XAUUSDT
Perp
4,818.27
-2.41%
Silver plummeted up to 16.6% to roughly $76/oz, while gold slid 3.5% to $4,859. $XAG
XAGUSDT
Perp
72.71
-13.26%
The crash was fueled by a strengthening US Dollar following Kevin Warsh’s nomination as Fed Chair and aggressive margin hikes by the CME. Investors are now deleveraging as they await clarity from upcoming central bank meetings.