I don't know if this is exciting for you, but we are seeing currency effects in action.
Because the USD has appreciated by almost 3% against the EUR in the last 30 days, euro investors who are invested in USD can rejoice. And gold investors even more so 😉.
It also leads to the situation that a US investor invested in the $ACWI index has made a loss over the course of a month, while a euro investor has made a profit.