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Intel shares collapsed on Friday from $92.07 to $64.25, and the company lost about $147 billion in market capitalization in a single session. Intraday, the decline exceeded the record of July 5, 1974, which had stood for 55 years.
Gold fell below the round mark of $4000 per ounce for the first time since July, dropping to $3,986.85. The decline followed the collapse of US technology stocks: investors sold the metal to cover margin calls on other positions.
In the early hours of Friday, gold (XAU/USD) fell to $3,986 - below $4,000 for the first time since July. Before that, on Thursday, the metal lost 2.81% over the session. By midday the price had rebounded to $4,029, but gold is closing the week down more than 3%.
