Welcome back and check out the price action in pre precious metals. We've been getting questions about this all morning long. Gold, silver, copper, all touching record highs today, but also seeing some big volatility this morning.Gold and silver are on pace for their best month in more than 45 years. By the way, maybe Pipa Stevens can explain what's going on here, Pippa. >> Hey, Kelly.So, gold is at a new high after posting its ninth record close yesterday. And silver crossed above that 120 level before pul ...

Market Trends & Sentiment - The market is evaluating if gold is becoming a safer asset than the US dollar [1] - Gold's price movement is seen as an indicator of market sentiment, not tied to traditional defensive trades in US equities [6][7] - Gold's surge hasn't correlated with an overly defensive trade in the U S equity market, suggesting currency-related fears about the dollar's haven status [7] - Despite sentiment, data suggests the US dollar remains dominant in foreign transactions, cross-border transactions, central bank holdings, and global debt [8] Investment Opportunities & Risks - Diversification into other asset classes, including fixed income, presents yield opportunities for investors [11][12] - Younger investors entering the market now have more options and opportunities, including considering assets like gold [12][13] - Concentration risk exists with the top ten stocks in the S&P 500 comprising 41% of the index [20] - Investors uncomfortable with tech sector volatility can distance themselves from the epicenter, but timing the market is difficult [21][22] Tech Bubble Concerns - Concerns exist about circular financing and interconnected relationships in the tech sector, reminiscent of the dot-com boom and bust [16][18] - The interconnectedness of companies investing in and partnering with entities like OpenAI raises questions about the source of power and sustainability [15][17] - No two economic cycles are the same, and the tech recession was unique, with the economic data not as bad as the stock market declines [19][20]