‘Gold's liquidity works against it' in oil shock, central bank selling and ETF liquidations still possible – Morgan Stanley's Gower

Group 1 - The article discusses the recent sell-off of gold ETFs, indicating a significant shift in investor sentiment towards gold as a safe-haven asset [1][2] - Central banks are reportedly increasing interest rates, which is contributing to the decline in gold ETF investments as higher rates typically strengthen the US dollar and reduce the appeal of non-yielding assets like gold [1][2] - The sell-off reflects broader market trends where investors are reassessing their portfolios in light of changing monetary policies and economic conditions [1][2]