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The Economic Times

Markets / The Economic Times

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A rookie traders rapid 84% wipeout shows the depth of Chinas gold bust

Chinese traders, from homemakers to hedge funds, experienced significant losses after a rapid market reversal in precious metals. A 42-year-old homemaker lost 84% of her investment in less than a week due to leveraged futures positions. The sharp decline in gold and silver, triggered by factors including US Federal Reserve nomination, caught many speculators off guard.

3 Feb 2026 7:36 am