New Delhi, Jan. 30 -- US financial markets witnessed extreme volatility as sharp swings in gold, silver and US equities led to an estimated USD 9 trillion movement in market capitalisation within a few hours, highlighting heightened uncertainty across asset classes.

Amid high-end volatility in gold markets, US markets saw a massive swing after prices of major commodities such as gold and silver crashed sharply before staging a strong recovery within just 6.5 hours. Gold prices initially fell by around 8 per cent but recovered swiftly, reflecting intense intraday trading activity.

Market data showed that nearly USD 9 trillion in market capitalisation changed hands during the session. Gold erased almost USD 3 trillion in value as US marke...