Gold, silver and bitcoin tumble as 'debasement' trade unwinds

60-second summary

Precious metals, including gold and silver, are plummeting from their 2025 highs as investors price in anticipated Federal Reserve rate hikes. The price of gold has dropped by 12% and silver by 15% in the past month, while bitcoin has also tumbled by 8% in response to the unwinding of the "debasement" trade, which saw investors flocking to safe-haven assets.