Stimulus: The commodity market is experiencing Black Friday! Gold plummets, evaporating 4 trillion yuan in market value Gelonghui, January 30th | The market is focused on the candidate for the new Federal Reserve chairman, and Walsh has once again become a popular candidate for the position. Due to Walsh's long-standing hawkish stance, this expectation quickly pushed up US dollar and bond yields, and suppressed commodity prices. International gold and silver prices have plummeted. Spot gold fell 8% to $4941.79 per ounce at one point, down 11.6% from yesterday's all-time high of $5595.44. According to the estimated global gold market value of approximately $35 trillion, the market value has evaporated by about $4 trillion. Spot silver fell nearly 18% to $95.1105 per ounce, a 27.9% drop from yesterday's all-time high of $121.6485. Spot platinum plummeted by over 16% to $2190 per ounce; Spot palladium fell 12% to $1741 per ounce.