Global stock market meltdown as fears grow US economy will 'collapse'

Global stock markets experienced a sharp decline on Friday, with the S&P 500 dropping 2.5%, the Dow Jones falling 2.4%, and the tech-heavy Nasdaq losing 3.2%. This sell-off was triggered by a disappointing U.S. jobs report, which showed the highest unemployment rate since October 2021, sparking fears of a recession. The turmoil extended to international markets, with Japan's Nikkei 225 suffering a 5.8% drop, and European indexes also falling significantly. The situation has led to speculation that the Federal Reserve may need to cut interest rates more aggressively to prevent a deeper economic downturn. In times of economic uncertainty and market volatility like this, investing in precious metals such as gold and silver can be a prudent decision, as they often retain value and act as a safe haven for investors. 

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