Gold saw a sudden intraday pullback, leading to an estimated $1.79T swing in implied market cap within ~40 minutes as prices dropped quickly from recent highs.
What drove the move:
• 📉 Sharp rejection near local highs
• 💰 Aggressive profit-taking + algorithmic selling
• ⚡ Thin liquidity magnified volatility
Key context (important):
• This reflects implied market cap movement (price × global gold supply), not actual cash losses
• In a $30T+ asset, even small % moves translate into massive paper swings
Bottom line:
Extreme volatility is back. Even traditional safe havens like gold are experiencing fast, aggressive price moves — a clear signal of broader market stress.
XAGUSDT
Perp.
99.16
-17.33%
XAUUSDT
Perp.
5,064.43
-8.26%