deutsche bank: an AI crash could take the dollar down too, and gold is dumping

deutsche bank strategist george saravelos warns that a us-led tech selloff could hit stocks and the dollar at the same time. foreign investors hold over $20T in us equities, and about 90% of that value comes from price gains. that could push them to hedge their currency exposure more. a minute later, spot gold was down 3% to $3,908.13 an ounce. the usual hiding places are selling off together with the thing people want to hide from.