🚨 Gold Crashes Hard — $2.43 Trillion Vanishes in 48 Hours!
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Updated at: 2 hours ago
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The gold market just witnessed its most dramatic wipeout in over a decade — more than $2.43 trillion in market value erased in only two days. 😳
To put that in context, gold just lost more than the entire market cap of Bitcoin — which currently sits around $1.3T–$1.4T.
What Triggered the Meltdown?
🔹 Profit-Taking Frenzy: After hitting record highs near $4,380, investors rushed to lock in gains.
🔹 Strong Dollar Pressure: A rebound in the U.S. dollar made gold less attractive to global buyers.
🔹 Easing Trade Tensions: Signs of improving relations between Washington and Beijing pushed traders toward riskier assets.
The Fallout
📉 Gold plunged over 8%, marking its steepest one-day fall in 12 years.
📉 Mining stocks and silver prices tumbled alongside the metal.
📉 Volatility surged across global commodities markets.
This stunning reversal is a reminder that even “safe-haven” assets aren’t immune to sudden sentiment shifts. 🌎
#GoldCrash #MarketUpdate #RMJ_trades #Bitcoin #Commodities $BTC
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$XRP
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