Global stocks slumped, with oil and precious metals plunging in volatile trade on Monday as a multitude of factors including investors reassessing geopolitical risks and US President Donald Trump indicating Iran was in “serious” discussions with Washington.
A plunge in precious metals including gold and silver led to a wider market sell-off during Asian trading hours. Silver fell as much as 11.25 per cent to lows of $75.10 an ounce and and gold tumbled as much as 5.34 per cent to $4,604.47 an ounce.
Asian stocks suffered their sharpest two-day slump since April, with futures signalling the weaker sentiment will continue to be a drag on European and Wall Street trading sessions.
S&P 500 futures lost 1.2 per cent and Nasdaq futures fell 1.6 per cent, on
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