Gold has been considered a safe harbor for investors for its ability to hold long-term value and hedge against inflation.
As geopolitical tensions turn up to volume 11 and central banks pump money into global financial systems, “You couldn’t create a better playbook for gold to perform,” Steven Dunn, head of a $2.2 billion gold ETF, told the WSJ.
Investors poured $3.8 billion into precious metals funds the week to July 22—the second-largest weekly amount ever, according to data analyzed by Bank of America.
No comments:
Post a Comment