LONDON – Gold attracted investors from across the globe as price touched historic highs near $5,600 per ounce. But that rally came to a sudden halt, as bullion witnessed sharpest one-day crash in years, coming down over 8% and wiping out nearly $3.4 trillion in global market value. The unprecedented shake-up comes as the global gold market plunged dramatically on Thursday, January 29, erasing nearly $3.4 trillion in market value in a single day. Market experts warned that gold had been “overbought” after a staggering 29% rise since the start of the year. Gold market may see more turbulence in the coming weeks as investors reassess the price of safety in an increasingly uncertain world.