Precious metals lose $600B in a fast selloff

Precious metals saw a sharp intraday wipeout, with more than $600 billion reportedly erased in roughly 90 minutes after Trump said the Iran ceasefire was over.
$GOLD fell about 1.7%, removing an estimated $477 billion in market value.
$SILVER dropped around 4%, accounting for another $133 billion in losses.
The move shows how quickly geopolitical headlines can flip positioning across safe-haven assets.
The key question now is whether this is forced liquidation, a temporary headline shock, or the start of a deeper reset in metals.