What happened to gold?
26 segments
whether it's higher rates, uh
modestly higher dollar maybe has been a
headwind.
I look at it as more so what is a was a
blow-off from metal mania earlier in the
year or actually last year. There was a
mass amount of volume and money going to
that asset.
>> Last year?
>> Yeah. Oh, yeah.
>> What's interesting is that even you
would have thought
when the when the war started
and interest rates were up
>> People were petrified of inflation.
They're petrified about the world. If
you had if you had said that to me and
said, "What would gold do?" I would say
gold's up. And it wasn't.
>> It hasn't acted the way you thought it
would should.
>> in the last couple months, no. So, I've
seen a lot of money coming out coming
out of gold ETFs. So, that kind of perks
my interest of well, maybe this thing
will start to bottom out.
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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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