Gold just experienced its biggest daily loss in history, cratering over 12.4%. About $6 trillion in market cap has been lost.

The previous biggest was when London PM fixing fell from about $464.75/oz (Fri Feb 25) to about $408.50/oz (Mon Feb 28).

Today, Gold has dropped from a historic high of $5600, down to $4700, representing about $6 trillion in value. It's already recovering somewhat (back to $4800), but the session remains highly volatile and further dips could occur.