Cathie Wood Warns Gold Bubble Risk as Market Cap Nears $40 Trillion

• Gold tops $5,600 and near $40T market cap as Cathie Wood flags bubble risk.
• Gold-to-M2 ratio hits Great Depression-era highs, signaling valuation extremes.
• Central bank buying and Basel III rules cited as structural demand drivers.

ARK Invest Chief Executive Officer Cathie Wood stated that recent gold market conditions resemble a bubble, citing the metal’s price rally and rising valuation relative to the U.S. money supply. Gold recently traded above $5,600 per ounce, pushing its market capitalization close to $40 trillion, before falling more than 3% to around $5,230 during a volatile trading session.

Wood warned that a strengthening U.S. dollar could trigger a major correction, citing historical periods when gold declined following macroeconomic shifts. She referenced the 1980 to 2000 cycle, when gold prices fell by more than 60%.

Gold-to-M2 Ratio Hits Histor…

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