Sudden Nighttime Crash! Gold Price Plunges, Silver Drops Over 10%, US Stocks All Plummet

K-LinePoet · 2026-03-05T02:11:03+00:00

In the early morning of February 13th, international precious metals prices plummeted, with spot gold falling below $4900 and silver dropping over 10%. The three major U.S. stock indices all declined by more than 1%, with large-cap tech stocks generally falling, and Chinese concept stocks also suffered heavy losses due to market volatility.

K-LinePoet

2026-03-05 02:11:03

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Early morning on February 13, international precious metals prices plummeted. Spot gold briefly fell below the $4,900 mark. As of the latest report, spot gold dropped 3.27% to $4,917.09 per ounce; COMEX gold futures fell 3.19% to $4,936 per ounce. Spot silver declined 10.84% to $75.07 per ounce; COMEX silver futures dropped 10.93% to $74.75 per ounce.

U.S. stocks suddenly plunged across the board. By the close, the three major indices all fell more than 1%, with the Dow down 1.34%, the Nasdaq down 2.03%, and the S&P 500 down 1.57%.

Large-cap tech stocks declined broadly, with Apple down 5%, Broadcom down over 3%, Amazon, Meta, and Tesla falling more than 2%. Storage and consumer staples stocks led gains, with SanDisk and Seagate Technology up over 5%, Western Digital and Walmart up more than 3%. Precious metals and cryptocurrencies led the declines, with U.S. Gold Corp, Pan American Silver, and Robinhood dropping over 8%, Coinbase down over 7%, and Circle down over 2%.

Chinese concept stocks generally declined, with the NASDAQ Golden Dragon China Index falling 2.97%. Tencent Music dropped over 10%, KE Holdings fell nearly 6%, Bilibili declined nearly 5%, Baidu Group down over 4%, China Internet Plus Holdings rose over 3%, and Kingsoft Cloud increased more than 2%.

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