For the first time in HISTORY Gold just did a $2.4 trillion market cap swing in a single day.

First, on Jan 26, gold added about $880 billion in just 6 hours.$XAU

Then during the U.S. session in roughly 4.5 hours gold erased $840 billion in a sharp selloff.

After that when the Asian markets opened gold added back $720 billion over the next 12 hours.

For an asset that is supposed to be a safe haven this level of volatility is extreme.