🔔 Gold Plummets: $1.79 Trillion Implied Market Cap Drop in Minutes 📉🚨

Gold experienced a sharp intraday sell-off, witnessing an estimated $1.79 trillion wiped from its implied market capitalization in approximately 40 minutes due to a rapid price decline.

What Triggered the Drop?
📉 A significant pullback from recent highs initiated the move.
💰 Profit-taking activities combined with algorithmic selling accelerated the downturn.
⚡ Thin liquidity and elevated volatility further amplified the price action, leading to such a rapid swing.

It's crucial to understand the context of this figure. This estimated amount reflects an implied market cap change, calculated by multiplying the price drop by the total gold supply, rather than actual cash losses. Given that gold is a market valued over $30 trillion, even a small percentage decrease in price can translate into trillions on paper.

This dramatic move in gold highlights the extreme volatility currently present across global markets. Even traditional "safe-haven" assets like gold are not immune to rapid and significant price swings.

#GoldVolatility #MarketSellOff #SafeHaven #GlobalMarkets #XAU

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