In shocking market news, gold prices plunged massively, reducing the total market value by an incredible $3.4 trillion. Additionally, silver did not escape the sweeping crash, plunging 12% from its new record highs. Financial experts assert that the overall economy will likely feel the effects of this unprecedented drop in due course. Precious metals are a hedge against volatile market circumstances, but their sudden fall has set a ripple of worry among stakeholders. As the market responds to this development, investors are advised to monitor the situation closely.
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