Gold's Worst Month Since 2008 Meets Record Trading Volumes at $361 Billion a Day

Source: [https://beincrypto.com/gold-prices-worst-month-record-trading-volume/](https://beincrypto.com/gold-prices-worst-month-record-trading-volume/)

Gold recently recorded its steepest monthly drop since October 2008, plunging over 13 percent to snap an eight month winning streak.

A macroeconomic environment featuring a rising US dollar, surging Treasury yields, and an Iran-driven oil shock catalyzed this massive selloff; however, underlying market participation reveals a sharp divergence from the headline price action.

Daily trading volume for gold has surged to an average of 361 billion dollars. This level of liquidity surpasses daily trading in US Treasury Bills, the EUR/GBP pair, the Dow Jones, and top tech stocks like Apple, Nvidia, and Tesla combined. Additionally, central banks maintained net acquisitions of 19 tonnes during the selloff, highlighting a massive structural accumulation occurring beneath the surface of the recent price drop.