đ Gold Sees Massive Market Cap Swing in Minutesđđ¨
Gold experienced a sharp intraday sell-off, with an estimated $1.79 trillion wiped from its implied market cap in ~40 minutes due to a rapid price drop.
What happened:
⢠đ Gold pulled back sharply from recent highs
⢠đ° Profit-taking and algorithmic selling accelerated the move
⢠⥠Thin liquidity + high volatility amplified price action
Important context:
⢠This figure reflects implied market cap change (price à total gold supply), not actual cash losses
⢠Because gold is a $30T+ market, even a small % drop translates into trillions on paper
Bottom line:
Goldâs move highlights extreme volatility across global markets right now â even âsafe havensâ arenât immune to rapid swings.