A global rush to safe-haven moves gold higher
A global rush to safe-haven moves gold higher Gold prices surged today with gold futures trading to a high of $1942.50. Multiple assets traded sharply higher including gold, the dollar, and U.S. Treasuries. These gains were directly attributed to another crisis in the banking sector. This caused market participants to lighten their riskier assets and move that capital into safe-haven assets. Today’s global rush into safe-haven assets began in Europe and then moved across the pond into Wall Street as…