Equities, oil and precious metals were all down early on Monday to extend the volatility that struck global markets at the end of last week into a new week, with concerns about elevated tech valuations once again casting a shadow.
Investors resumed Friday's rollercoaster ride as they assessed geopolitical developments, the latest batch of company earnings and the outlook for U.S. interest rates.
Gold slid 9% to its lowest in more than two weeks, while silver fell more than 13% after both metals hit records last week.
The choice of Kevin Warsh as the next Federal Reserve (Fed) chair set off a wave of selling in risk assets that sent precious metals tumbling for a second session, reversing the whopping gains in recent weeks.
After a strong January fuelled by artifici
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