March saw gold outperform U.S. equities, with the bullion on track to beat the S&P 500 by its biggest margin in 13 years.

That March seasonality is impressive considering ... course-correcting in recent weeks after torrid runs up the charts to start the year. With inflows into gold still humming and seemingly stable ...

Walk us through that. Tim Yang: So, commodity consumption has [a] seasonal pattern. One example is gold. If we talk about winter, from November to February, people like to buy gold. The reason for ...