Yield, Volatility Extremes - Rock Beating Stocks - If US Treasury yields stay high and stock-market volatility low, gold could face headwinds. My bias is the rapidly rising store of value is anticipating continued upward reversion in market-risk metrics and a declines in yields, which could put year-end 2025 in a fill-or-kill scenario for gold to keep beating beta. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t0mc2ogpl3xz {BI COMD} #gold #stockmarket @BBGIntelligence(Mike McGlone)