Gold's 33% Gain in 2025 Getting Distressful; History Might Guide - A global reset signaled by gold's outperformance appears to be happening, with implications for deflation that could be as steep as the inflation of the past few years. The metal's bull market is stretched, but its 33% gain in 2025 to 3,500 an ounce is comparable to 2007 and 1934, showing that a deflationary cycle may have begun. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/sv61e7dwx2pt {BI COMD} #commodities #gold #stockmarket #macroeconomics @BBGIntelligence