NEWSNATIONNOW (Marcus Espinoza) - Price of gold surges as investors seek shelter from global risks
A new kind of gold rush is sweeping the global economy — but instead of gold mining, this one is all about investing.
AXIOS (Madison Mills) - The gold rally is the new bet against Trump
Investors around the world are losing faith in traditional safe-haven assets like the U.S. dollar and Treasuries, fueling a fierce rally in gold. Why it matters: Gold prices have rallied over 17% so far this year as investors hedge exposure to Washington. What they're saying: "Investment dollars flowing into gold are largely a function of the risk associated with unpredictable policy in the American political authority," Joe Brusuelas, chief economist at RSM U.S., tells Axios. - Gold is acting as insurance against "policy fragmentation," says Paul Karger, CEO of TwinFocus, a wealth advisory firm. Zoom in: Global investors are "calling bunk on currencies," Karger adds. - Central banks globally are still buying U.S. Treasuries, which…
Investors around the world are losing faith in traditional safe-haven assets like the U.S. dollar and Treasuries, fueling a fierce rally in gold. Why it matters: Gold prices have rallied over 17% so far this year as investors hedge exposure to Washington. What they're saying: "Investment dollars flowing into gold are largely a function of the risk associated with unpredictable policy in the American political authority," Joe Brusuelas, chief economist at RSM U.S., tells Axios. - Gold is acting as insurance against "policy fragmentation," says Paul Karger, CEO of TwinFocus, a wealth advisory firm. Zoom in: Global investors are "calling bunk on currencies," Karger adds. - Central banks globally are still buying U.S. Treasuries, which…Open