The gold rally is the new bet against Trump

(Madison Mills – Axios) 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.

The gold rally is the new bet against Trump

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