Gold price today is relatively flat as equities come under pressure. "Why would investors sell gold after Jerome Powell's speech today? As aggressive as he is going to be on rates, gold is still a flight to safety and inflation mode," says Bob Iaccino. He also states that people cannot stay in cash with the current inflation rate, and that it is difficult to invest in bonds as the 10 year yield moves higher. Finally, he discusses how bitcoin has to detach itself from the Nasdaq somehow as the correlation continues to tighten.