Gold's Rally Draws Nervous Money Back to the Safe Haven
With uncertainty rattling markets, New York's investors are rediscovering the oldest hedge of all.
Gold has surged to fresh highs, and New York's investors are piling in. Amid geopolitical tension and questions about the direction of interest rates, the ancient safe-haven asset is once again drawing nervous money.
The fictional dealer Manhattan Bullion reports brisk demand from both institutions and individuals seeking protection against uncertainty. Its executives say interest tends to spike whenever confidence in other assets wobbles.
Skeptics note that gold pays no income and can languish for years. But its rally underscores a persistent instinct in finance: when the future looks murky, some money always flees to the metal that has held value for millennia.
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