Gold Futures See $1.5 Trillion Market Cap Swing in 20 Minutes
Gold, often considered a global safe haven asset, experienced extreme volatility with rapid $120 and $100 per ounce price moves within minutes.
Summary
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Terms & Concepts
- Gold Futures: Contracts obligating the buyer to purchase or the seller to sell gold at a predetermined price on a future date.
- Safe Haven Asset: An investment expected to retain value or increase in value during market turbulence, such as gold or U.S. Treasury bonds.
- Market Cap Swing: A rapid change in the total market value of an asset based on significant price movements.