According to The Kobeissi Letter, as the Nasdaq 100 drops over -2%, gold prices have surged by +$100/oz. Meanwhile, the US Dollar Index ($DXY) has fallen below 100 for the first time since September 2024. This volatility suggests that if equities revisit their lows, gold could potentially rise well above $3,500/oz. Such movements are crucial for traders analyzing precious metals and currency markets, highlighting a potential shift in asset allocation preferences.