Gold slips 7% to $4,515/oz as silver plunges by 14% to $73 with over $4T wiped off market cap

Gold slid another 7% to $4,515/oz, deepening Friday’s nearly 10% crash that dragged it below $5,000 for the first time in weeks. Silver dropped 14% to $73/oz, still reeling after Friday’s 30% wipeout, its worst single-day fall since March 1980.