FYI: Gold is shining again as investors scramble for safety amid the widening global trade war.
The price of gold has climbed nearly 5% since May 21, while markets around the world fell. The last week of May was the best week of the year for gold after President Donald Trump surprised markets by threatening to raise tariffs on Mexico.
It’s not all that surprising, because gold often has served as a safe haven when markets are tumbling. During the wrenching 2007-09 downturn, gold climbed 23.5% when the S&P 500 lost 55.2%. Gold also managed to eke out gains during the summer of 2011, when worries about the European debt crisis and the downgrade of the U.S. credit rating nearly felled the bull market for U.S. stocks.
Regards,
Ted
http://www.telegraphherald.com/news/business/article_a05bb616-8e23-54ef-a537-c13a9d6ec464.html
