$XAU Gold shocked the markets on January 29, crashing from $5,500 to $5,119 — a 7% drop that caught investors off guard. After more than doubling in value over the past two years and surging 27% in early 2026, this sudden reversal is a major wake‑up call! ⚠️
Why it matters:
🔸 With an estimated 216,265 tonnes of gold above ground, the price slide wiped out a massive chunk of value.
🔸 That translates to roughly a $3.7 TRILLION collapse in market cap — huge for bullion markets and risk sentiment. 💰🪙