The market has witnessed a tremendous transformation.
The #XAU gold exchange-traded fund experienced outflows of $2.91 billion in just one day, marking the largest outflow in the past decade.
This is not a normal movement. When such a large amount of capital leaves a traditional safe haven, it usually means that the funds are heading somewhere else. It is clear that liquidity is in a constant state of change; I am watching for the destination of this incoming money.
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