Gold and silver surge, then margin-call pullback
Precious metals jumped on the Democratic sweep, adding a combined $1T in market cap, but zerohedge says margin-call selling took gold back to fair value.
What we know
Kobeissi reported gold and silver adding +$1T in market cap. An account on X frames gold's move as margin-call-related selling back to fair value. UK gilts also rallied, with the 10-year yield down 5bps to 5.21%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.