A very strange thing has happened in the gold market, which has fallen more than 25% since the start of the US-Iran war, falling below $4,000 for the first time in more than three months. But contrary to expectations, instead of selling, investors are still increasing their investment in gold ETFs; So the amount of gold stored in these funds is approaching 102 million ounces. This happens when stock markets fall and investors sell their assets to provide liquidity.