There’s one big mystery in the everything rally: gold’s record-setting ascent

It seems almost every asset class has been hitting records: U.S. stocks, Japanese stocks, German stocks, bitcoin, gold. That last one is unusual. Rising prices usually generate speculative interest in an asset, but not here: Jim Bianco of Bianco Research posts this chart showing that gold ETF holdings have actually gone down as the price has spiked higher. That’s not the only anomaly. The… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access