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What happened to gold?

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What happened to gold?

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26 segments

0:00

whether it's higher rates, uh

0:03

modestly higher dollar maybe has been a

0:05

headwind.

0:07

I look at it as more so what is a was a

0:09

blow-off from metal mania earlier in the

0:12

year or actually last year. There was a

0:14

mass amount of volume and money going to

0:15

that asset.

0:17

>> Last year?

0:17

>> Yeah. Oh, yeah.

0:19

>> What's interesting is that even you

0:20

would have thought

0:23

when the when the war started

0:25

and interest rates were up

0:27

>> People were petrified of inflation.

0:30

They're petrified about the world. If

0:32

you had if you had said that to me and

0:33

said, "What would gold do?" I would say

0:35

gold's up. And it wasn't.

0:37

>> It hasn't acted the way you thought it

0:38

would should.

0:39

>> in the last couple months, no. So, I've

0:41

seen a lot of money coming out coming

0:42

out of gold ETFs. So, that kind of perks

0:43

my interest of well, maybe this thing

0:44

will start to bottom out.

Interactive Summary

Gold saw a significant influx of money and volume last year due to "metal mania." Contrary to expectations, gold did not perform well during the war and rising interest rates, despite fears of inflation. Currently, money is flowing out of gold ETFs, potentially indicating a bottoming out of the asset.

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