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🚨 GOLD MELTDOWN ALERT! 🚨
After more than doubling in value in just over two years and surging 27% in early 2026, gold suddenly crashed 7% on Jan 29, tumbling from $5,500 to $5,119 per ounce — wiping out a massive $3.7 TRILLION in market cap virtually overnight. 📉💥
At a $BTC 5,500 price, gold’s total valuation was ~$38.37 TRILLION — now slashed to $35.71 TRILLION as of Jan 30, despite ~216,265 tonnes of gold above ground. 🪙💰
Even more shocking: silver plunged from $120 to $101 per ounce, and markets overall are flashing risk-asset behavior — just like crypto 🌀 — as Bitcoin and broader risk markets sank alongside precious metals.
Drivers?
⚠️ U.S. political turmoil: Powell vs Trump feud + looming government shutdown
⚠️ Geopolitical fear: U.S. military buildup toward Iran & risks to the Strait of Hormuz
Gold should rally in uncertainty — but instead it’s trading like a risk asset, breaking traditional safe-haven norms. Is this a normal correction… or a systemic signal? 🔥
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