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Plunge in price of gold and silver rattles global stock markets

02.02.2026 12:38 | The Guardian World

Trump’s pick of ‘respected central banker’ Kevin Warsh as Fed chair seen as catalyst for sell-off as investors sell safe haven assetsBusiness news – live updatesGold and silver prices have plunged, as a “meltdown” in the metals market deepened and rattled stock exchanges around the world.Gold prices tumbled by 8% to $4,465 an ounce on Monday, ending a run of record highs that took it to nearly $5,600 just last week, before recovering some ground. Silver fell by 7%, after a 30% slump on Friday. Continue reading...

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