RE:RE:wild dayThe absolute value of gold in USD does not reveal gold's value relative to other financial assets.
Comparative to all other financial assets shows how gold holds its value. While virtually all assets year to date have been under performing gold has faired better than just about all other financial assets.
Take a look chart 4 of gold year-to-date performance against all other assets:
https://www.zerohedge.com/markets/here-are-best-and-worst-performing-assets-august-and-ytd